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Contact your tax advisor to learn more about how these and other tax law changes will affect you in and beyond. Filing as close to this date as possible could protect you from tax identity theft. This is usually done early in the tax filing season. A victim typically discovers the fraud after he or she files a tax return and is informed by the IRS that the return has been rejected because one with the same Social Security number has already been filed for the same tax year. The IRS then must determine who the legitimate taxpayer is. Tax identity theft can cause major complications to straighten out and significantly delay legitimate refunds. But if you file first, it will be the tax return filed by a potential thief that will be rejected — not yours.

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