My husband and I are very, very fortunate to have had friends and family members help us out in various ways over the last several years. Our life has been challenging and at times it’s felt impossible to carry on in a successful, happy manner, but we have managed to pull through and make it nearly to the end of dental school not only in tact but in pretty decent shape.
Of all of our struggles, the financial stress has been knee-bucklingly scary and overwhelming periodically over the last four years. It’s taught us a lot about ourselves and each other and about what we want and how we need to go about getting it in the coming years. Budgeting and figuring out finances is not now and has never been a strength of mine but I’ve definitely learned a lot since we chose to take on dental school and life in Manhattan with a growing family. We’ve have been extremely fortunate to have a family friend who is a CPA and has helped us do our taxes for the last several years. We don’t worry about trust or security when handing over our documents to her, I am so, so grateful to have that burden alleviated. Tax time is so time consuming and stressful, and to have even some of that lifted from our shoulders is more than helpful.
The truth is, tax time is also a prime time for identity theft. This is something that has occurred to me over the years, but not something that has concerned me. We have someone that we completely trust and we are so lucky, but that doesn’t mean that we shouldn’t still be careful when it comes to transferring documents or pertinent information. I’m still learning about all of this and have found some great information on Identity Guard’s website about tax-time identity theft, for example How filing online makes it easier, and good-to-know info like how the IRS handles identity theft and how thiefs actually profit by filing false tax returns. The sort of thing I wouldn’t normally have on my radar, but probably should.
There are so many benefits to using a CPA. For us it has been so helpful and effective: Our lives are extremely busy and often not as organized as I’d like, so having someone pay attention to details that I can’t possibly keep track of is more than a piece of mind. We trust her and that is, in a word, priceless.
In the past four years the IRS has identified more than 490,000 taxpayers who are the victims of identity theft.
If you do your own taxes or have another way that isn’t online, there are a few things you might be interested in knowing. A common use of identity theft is for filing fraudulent tax returns, often with the use of stolen social security numbers-and mostly those of children. With the risk of child identity theft increasing, the need for more information on it’s uses and ultimately preventing it is also rising. Amongst all of the other things we have to worry about as parents, being ultra strict and careful about where and when we give out their information is crucial-even and especially at tax time.
Identity Guard has been developing and using technological solitons for protecting people from identity theft for over ten years, and has recently started offering it’s latest innovation, kID Sure® specifically for families.
This service and the book Bankrupt at Birth were provided to me for review at no charge. In addition I received monetary compensation. All opinions are my own.