At ACB Realty, Inc., we're committed to providing our clients with valuable information to ensure safe and secure real estate transactions. Recently, the IRS and Security Summit partners issued an important alert about identity theft risks aand Protecting Your Identity in financial transactions, including those in real estate. Here's what you need to know:
Key Takeaways:
1. Increased Targeting of Professionals: Identity thieves are increasingly targeting tax professionals and other financial intermediaries to gain access to client information.
2. Warning Signs for Clients:
- Unexpected IRS notices about online accounts or tax transcripts
- Incorrect IRS notices about balances due
- Unsolicited calls or emails supposedly from your realtor or financial professional
- Receiving unexpected tax refunds
3. Red Flags for Professionals:
- Unusual computer or network behavior
- Client tax returns being rejected due to duplicate Social Security numbers
- Receiving IRS authentication letters for unfiled returns
- Notifications about compromised professional identification numbers
What to Do If You Suspect Identity Theft:
1. Report the incident immediately to the IRS Stakeholder Liaison
2. Contact your state tax agency
3. Inform potentially impacted clients and suggest protective measures
Preventive Measures:
- Implement robust security measures for all financial transactions
- Stay informed about the latest security threats and best practices
- Consider obtaining an Identity Protection PIN from the IRS
At ACB Realty, Inc., we prioritize the security of our clients' information. We encourage all our clients to stay vigilant and report any suspicious activities immediately. Remember, being proactive about security is crucial in today's digital age, especially when dealing with significant financial transactions like real estate purchases or sales.
For more information or assistance with secure real estate transactions, don't hesitate to contact ACB Realty, Inc. Your security is our priority.