Today is tax day. Most people who are due refunds have already filed. But if you are paying taxes today, you should do what you can to protect your return from identity thieves.
What to do?
First, use certified mail. It only costs a couple bucks; the receipt will let you confirm when you mailed your check; and as a bonus a lot of post offices have pizza and doughnuts late on tax day.
Second, give e-filing a pass. There are lots and lots of ways for hackers to steal your filing directly from the government’s computers.
Finally, shred any old tax returns or financial information. You may think that there’s no harm keeping old statements, but you’d be shocked to know what information is stored in old archives. Once it’s past the recommended 5 years, get rid of it.
While it’s never pleasant to “render unto Caesar” his due, these suggestions could make that annual duty a little more secure.
Douglas R. Tengdin, CFA
Chief Investment Officer
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