5 Guidelines to safeguard your tax information

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By: Anna Sweeting
on 10th Mar,2015

It's nearly time to pay your taxes. Soon you will find yourself collecting 1099s, filling out Schedule Cs, and consulting tax advisers.
5 Guidelines to safeguard your tax information


It's nearly time to pay your taxes. Soon you will find yourself collecting 1099s, filling out Schedule Cs, and consulting tax advisers. This will also mean that you may even face security risks regarding your taxes. Check out the 5 guidelines which will help you in making your financial and personal information more secure:

1. Update your computer's anti-virus software: Before working on your taxes, make sure that you have updated your computer's anti-virus software. This will help you in securing your previous financial and most personal documents. This will also help you in safeguarding yourself from the phishing scams.

2. Authenticate e-filing services: When you search in the Google, you will find a number of websites claiming that they will let you file your taxes. Some of them offer free services whereas some of them charge a fee. However, not all the websites are authentic and can be very risky, too. So, it's better to check out whether or not these websites are legitimate. You can go to the IRS website and check the list of all approved e-filing services.

3. Email from the IRS may not be valid: It should be kept in mind that the IRS will never send you an e-mail regarding your taxes. The government will rather send you a snail mail. If you get an email from the IRS, there is high chance that it is some kind of scam in order to track your social security number, bank account number, personal information, etc. There is hardly any exception to this rule.

4. Don't fax the tax paperwork: Fax machines are not a very safe way to send tax and financial information to tax preparers and other professionals. It will be better if you could avoid the fax machines for this purpose. Rather, you can scan receipts and other documents and email them to the concerned person. This will be an extremely safer way to send your personal and financial information to the tax preparer.

5. Don't file your taxes using Wi-Fi: Avoid any kind of unsecured Wi-Fi network when you're filing your taxes. Don't even do it from Starbucks or your home wi-fi unless you know that it is extremely secured. You should try to file your taxes from a PC which is plugged into your network hub through an Ethernet cable.

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