Thursday, February 27, 2014

Get Transcript New at IRS.gov Good or Bad?

IRS now offers a new service on their website that allows you to create an account and log in to access your personal tax records.  This makes it much easier for you but also for others.  To set up an account it asks you a series of questions that could easily be answered by ex spouses, close family members or neighbors.  If someone were to gain access to your account they could obtain copies of tax returns, transcripts, income verification and more.  All of this could be used to steal your identity.  To protect your personal and private information everyone should go to the website and create an account for themselves right away.  While setting up the account you will be able to create a user name and password.  Make sure to keep this in a safe place like a safe deposit box.  Go to IRS.gov and under the Tools section select Get Transcript of Your Tax Records and set up your account today.

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