Identity Thieves Earn Cyber Cash, Stick Victims With Tax Bill

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Identity Thieves Earn Cyber Cash, Stick Victims With Tax Bill
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Imagine getting a bunch of tax documents telling you and the IRS about a large sum of money you made when, in fact, you never received a penny of it.

Why? Because someone stole your identity and used it to collect a big chunk of change, leaving you with the tax liability.

“It’s frustrating. I mean I can’t even count the number of hours that I’ve spent trying to deal with this every year,” Richard said. “My worst fear is just that there’s all this income reported under my social security number and I actually didn’t earn it, right? And the IRS comes after me a few years from now, audits me and says ‘Hey, there is all this income you failed to report and you owe taxes on it,'” Richard said.“This 1099 had all of my credentials on it. I didn’t put the credentials in.

He called Amazon for assistance. He told KPIX that the company told him it would not correct his 1099 because it could not prove that it was fraud.

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