It's Tax Time. What You Need To Know About Income Tax Fraud

Join Jim Blue and Steve Weisman in an encore broadcast of a discussion on how to reduce the risk of becoming a victim of income tax fraud.According to the IRS, “Tax-refund fraud is expected to soar again this tax season, and hit a whopping $21 billion.“ Thousands of people have lost millions of dollars and their personal information to tax scams and fake IRS communication.The most common way income tax fraud occurs is when a thief files an income tax return using a victim’s Social Security number, along with a counterfeit W-2, indicating that a large refund is due.Steve Weisman is a lawyer, a college professor, author, and one of the country's leading experts in scams and identity theft. He writes the daily blog scamicide.com, where he provides daily update information about the latest scams.