LT Lafferty Discusses Identify Theft and Tax Fraud Prevention
White Collar Defense Senior Counsel and former Florida Commissioner on Ethics LT Lafferty discusses on 970 WFLA how identity thieves are preparing to steal tax refunds as tax season is upon us. Identity theft is most often used as a means to commit tax fraud.
Thieves don't need much information to go on, Mr. Lafferty said. "All they need is your social security number. That's the holy grail."
To protect yourself from tax fraud, he recommends filing your tax return earlier in the year.
"It's the first to file rule," Mr. Lafferty said. "One of about the only things you can do to try and prevent yourself from being a victim of tax return fraud is to beat them to the punch."