Tax season brings a new wave of identity theft risks

As tax season approaches, New Yorkers might feel heightened risks of identity theft and financial fraud. Understanding these risks and taking appropriate precautions can help protect both your personal information and your broader financial security.

Common Threats and Protection

Tax season creates unique vulnerabilities including fraudulent tax preparers, phishing emails claiming to be from the IRS, and fake tax preparation websites designed to steal personal information. Long Island and NYC residents should be particularly cautious, as urban areas often experience increased fraud activity during this period. Several approaches may help reduce your exposure: work only with reputable tax professionals who have proper credentials, be cautious about sharing sensitive information via email or unsecured websites, file your return early to prevent fraudsters from using your information, and regularly monitor your credit reports and financial accounts for suspicious activity.

This blog post is for educational purposes only and does not constitute legal, tax, or financial advice. Estate planning involves complex legal and financial considerations that vary based on individual circumstances. We encourage you to consult with qualified professionals before making any estate planning decisions.

If you're a Long Island or New York area family interested in exploring estate planning concepts, consider booking a free consultation to discuss your specific situation and help you understand your options.