Congratulations! You successfully finished your 2015 taxes and can now breathe a sigh of relief. But before you throw all of your tax documents stashed into a pile in the drawer or in the trash, it's important to know which documents you should keep in a safe and secure place, and for how long.
Ah, spring. As you watch the trees and flowers blossom, your thoughts turn to warmer weather and the arrival of your income tax refund check. Perhaps you have already made plans to spend those funds on a home improvement project or a luxurious weekend getaway.
While these tips can apply to many people, it's important to find an approach to saving, spending or some combination that works for you. Whichever path you take, remember to enjoy some of your bonus or tax return, too - you earned it!
One of the best ways to protect your tax return information is to file your tax return as early as possible, and for most people that starts around mid-January. If you file your return first, an identity thief won't be able to.
It has to be more than a coincidence that the recent cyber theft of IRS tax data has been traced to Russian criminals. IRS investigators believe the identity thieves who stole the personal tax information of more than 100,000 taxpayers are part of a sophisticated criminal operation.