EP 64 1099 Fraud: How You're Responsible for Capital Gains Criminals are Making

This week, Carrie talks about another popular issue we see this time of year around tax season. In this situation, a woman received a 1099 form regarding taxable miscellaneous income she's made off an investment account; The problem is, she's never opened or had any such account. Find out why criminals are taking advantage of investing platforms, and how victims are being held responsible for paying taxes on money they've never made simply because criminals used their identity. Things you'll learn in this episode: Why criminals are setting up crypto/investing platforms using your Identity How the IRS counts on you to file these accounts you've never set up Steps to take to remove these fraudulent tax claims and to restore your information Link to episode 52 that Carrie references in the show: https://carriekerskie.libsyn.com/be-on-the-lookout-for-this-welcome-letter-in-the-mail In that episode we go over how the FBI and IRS reach out to you over bank accounts that you've never set up.