Tax Identity Theft Week for the year 2023 is celebrated/observed on Sunday, January 30th. There are until the next observance.
Tax Identity Theft Week is a five-day yearly event that begins on the final Monday of January. It will be held this year from January 30 to February 3. The purpose of this week is to raise awareness about how any sort of theft may affect your finances, credit history, and reputation, as well as cost money and time to address. But do you know how to avoid being a victim of identity theft? If not, join us and discover all the steps you need to take to protect yourself against tax evasion.
📆 When is Tax Identity Theft Week?
This year, Tax Identity Theft Week falls on the 5th Sunday in January; in 2023, it is on Monday.
→ Did you know: This week’s key action for public safety is raising awareness.
📜 History of Tax Identity Theft Week
As previously said, taxes are critical to the economy, as is the taxpayer’s identification. What exactly is a tax identity? Tax identification is a unique set of criteria maintained by federal and state authorities to track individuals who live in a state or nation. In general, a person’s income and spending can be tracked with their nine-digit social security number (S.S.N.) or a separate, specially given tax identification number (T.I.N.).
Another significant role of tax identification is to distinguish between legal and illegal residents who enter the nation illegally and then use the identities of locals to conduct crimes and fraud. Your S.S.N. or T.I.N. is a one-of-a-kind number that serves as your key to obtaining jobs, tax return certificates, medical treatment when you are ill, and even opening a bank account to collect your wages.
People eventually learnt to circumvent some security mechanisms by hacking computer systems to obtain access to a taxpayer’s information and steal their wealth or SSN for personal benefit. The most common reason for tax identity theft is to collect a fraudulent tax refund by submitting a false tax return. As a result of this scam, hundreds of thousands of individuals have lost their money and access to government services.
To counteract such actions, strong restrictions and systems have been implemented, and awareness workshops are frequently performed by government and private groups to educate the public on the need to keep their tax identities secret in order to avoid being plundered. Tax Identity Theft Week is one such program that aims to educate individuals on how to secure their identities and to report anyone suspected of using a phony I.D. anywhere.
☑️ Tax Identity Theft Week facts
✅ Protection against Tax Identity Theft
People are also given safety suggestions on how to keep their refunds from being stolen.
✅ Role of Federal Trade Commission (F.T.C.)
Throughout the week, the Federal Trade Commission’s (FTC) Tax Identity Theft Awareness Week webpage will include webinars and other materials from the FTC and its partners to assist in educating the public on how to safeguard against identity theft this tax season.
✅ Role of Cybersecurity and Infrastructure Security Agency
The Cybersecurity and Infrastructure Security Agency (CISA) recommends that taxpayers, businesses, and tax experts look at the notice from the Federal Trade Commission.
✅ I.R.S. Taxpayer Guide
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✨ Things to do on Tax Identity Theft Week
Attend awareness sessions
This week is observed to raise public awareness about tax identity theft. People would learn what this phrase signifies by attending various awareness workshops.
Learn how to protect yourself
Various governmental authorities and financial organizations are hosting events this week on how to protect yourself from tax identity theft. All you have to do is pay attention to them and follow their advice to aid and protect yourself.
Encourage others to attend and provide knowledge
We should encourage others to attend the information sessions as well. A vigorous community-wide awareness campaign will aid in putting an end to such activities once and for all. Remember, we are stronger together!
📅 Tax Identity Theft Week Observances
We will continue to update this page with new information and cool facts about Tax Identity Theft Week. So be sure to check back soon.