One of the recommendations to avoid tax return fraud/identity theft is to file your taxes as early as possible:
- Smart Money
- Notably, the IRS does not include this in their list of recommendations; they recommend protecting your information, as well as watching for signs of fraud and reporting it.
It seems to me that you will never beat a fraudster at their own game.
- You are concerned with the accuracy of your return. A fraudster just wants to get the maximum refund.
- You have to wait for documents to arrive, e.g. from your employer, bank, brokerage, and dependent's day care provider. The fraudster just needs a W-2.
- You have a day job and family responsibilities. Defrauding you and the IRS is the scammer's day job.
It seems to me that you can never file your taxes faster or sooner than a fraudster. So, how is this advice useful?