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WATERVILLE — As the 2017 tax season gets underway, Kennebec Federal Savings is urging all customers to take extra precaution when filing their return to prevent their exposure to tax fraud.
“Fraudsters are using very clever tactics to get ahold of your personal information and submit false tax claims,” said Allan Rancourt, president of KFS. “Consumers must be suspicious of any communication from the IRS ¾ through email, text or social media ¾ that requests personal information, and should keep a watchful eye out for missing W-2s and mail containing sensitive financial information.”
Tax identity fraud takes place when a criminal files a false tax return using a stolen Social Security number in order to fraudulently claim the refund. Identity thieves generally file false claims early in the year. Victims are unaware until they file a return and learn one has already been filed in their name. One way to avoid tax ID fraud is to file your return as soon as possible, which gives criminals less time to use your information to file a false return.
To help consumers prevent tax ID fraud, Kennebec Federal Savings is offering Seven Tips to Prevent Tax ID Fraud.Get all seven tips plus information about what to do if you think you are already a victim of tax ID theft at www.kfsavings.come/news.aspx.
Kennebec Federal Savings has been providing personal banking services from its Waterville headquarters since 1936. KFS branches are conveniently located at 70 Main St. and 11 Washington St. in Waterville.
For more information about KFS, its products and services, visit www.kfsavings.com or call 888-249-0606.
