Originally Posted By: Bandito440
Originally Posted By: BrocLuno
1.) We don't get money back, so anyone filing on our behalf would be paying for me
2.) Won't even get most of my tax papers made available until end of Feb, so no way to do that now.
3.) Wait until a few days before deadline so I get the float as long as possible. Then pay by check for it floats another few days
When someone files fraudulent tax returns for another person to get a refund, they do it fraudulently, with fraudulent numbers, to get a refund. They don’t file your proper tax return for you. They’ll claim excess deductions and less income to generate a refund. The hope is that they can get the refund direct deposited to themselves before the IRS catches on. Then, when you go to file a return, you’ll receive a notice that you already did. Then starts the identity theft process.
Stolen identity refund fraud info from the DOJ
Additional reading
File as soon as you’re able.
In their case it isn't that big of a deal. The IRS will just stop payment on that check or pull the DD out.
The main issue when someone steals your information is that the time it takes to get your actually refund. I've had it happen to a friend and it took over 14 months to get their actually refund of $3000. That money could mean a lot of some people. To the people that just owe, they just cut the IRS and be done with it. Yes its a headache but i rather owe then to give the IRS a "interest fee loan".
I try my best to aim +/- $250 for my refund. So i'm not out much nor do i really care for the refund. If you are good or have good accountant, they can help you get this done.