
Clear Start Tax Issues Consumer Alert: IRS Identity Theft Cases Continue After Filing Deadline
IRVINE, CA / ACCESS Newswire / June 25, 2025 / Even after the April 15 deadline, tax identity theft continues to spike in 2025. Clear Start Tax is warning taxpayers to stay alert for one of the most damaging forms of IRS fraud: discovering that someone else has already filed a return in your name. Left unaddressed, this growing issue can delay refunds, trigger audits, and cause years of financial headaches.
The IRS has already flagged a surge in suspicious early-season filings, often from criminals using stolen personal information to claim refunds fraudulently. Unfortunately, many victims don't realize what has happened until they attempt to file and receive a rejection stating that their return has "already been filed."
"It's one of the most stressful tax situations a person can face," said the Head of Client Solutions at Clear Start Tax. "You're locked out of your own account, refunds are frozen, and the IRS clock doesn't stop. But with the right steps, you can regain control."
Signs Someone Else Filed Using Your Information
If someone uses your Social Security Number to file a tax return, the IRS may process the fraudulent return before you even realize it. Clear Start Tax says to watch for the following red flags:
Your e-filed return is rejected because a return was already submitted using your SSN.The IRS says a refund was issued, but you haven't filed, and didn't receive the funds.The IRS sends a notice about a suspicious return, new account activity, or a balance due from an unfamiliar filing.Your IRS account shows filings or income you don't recognize.
Tax identity theft can leave you responsible for balances or penalties you didn't cause. To protect yourself and explore your options under the IRS Fresh Start Program, answer a few quick questions and take the first step toward resolution.
What To Do If You Suspect Tax Identity Theft
The IRS has a formal process for victims of identity theft, but fast action is critical. Clear Start Tax outlines the steps you should take right away if you think someone has filed a return using your Social Security number:
File IRS Form 14039 (Identity Theft Affidavit) immediately to alert the IRS of suspected fraud.Respond to any IRS notices - do not ignore them, even if they reference a return you didn't file.Request a copy of the fraudulent return by submitting Form 4506-F for further investigation.File your real return by paper (not e-file) and include all required identity verification documents.
Clear Start Tax adds that many victims fail to respond quickly enough, which can delay the resolution process or lead to enforced balances for tax debt they don't actually owe.
How Clear Start Tax Helps Identity Theft Victims
Tax identity theft cases can be difficult to navigate without expert help, especially when IRS systems continue to flag your account. Clear Start Tax supports affected clients by handling the entire response process:
Managing all IRS correspondenceFiling Forms 14039 and 4506-FCorrecting account records and securing account transcriptsRebuilding compliance and applying for appropriate taxpayer protections
"We've helped clients who were wrongly pursued for years because of identity theft," said the Head of Client Solutions at Clear Start Tax. "The key is fast documentation, clean records, and expert follow-through - especially when the IRS system flags your account."
Don't Wait for the IRS to Sort It Out
Identity theft cases can take months or even years to fully resolve, especially when there's overlap with back taxes, unfiled returns, or penalties. Victims who act quickly, keep clear documentation, and work with experienced professionals are more likely to avoid long-term damage.
About Clear Start Tax
Clear Start Tax is a full-service tax liability resolution firm that serves taxpayers throughout the United States. The company specializes in assisting individuals and businesses with a wide range of IRS and state tax issues, including back taxes, wage garnishment relief, IRS appeals, and offers in compromise. Clear Start Tax helps taxpayers apply for the IRS Fresh Start Program, providing expert guidance in tax resolution. Fully accredited and A+ rated by the Better Business Bureau, the firm's unique approach and commitment to long-term client success distinguish it as a leader in the tax resolution industry.
Need Help With Back Taxes?
Click the link below:https://clearstarttax.com/qualifytoday/
(888) 710-3533
Contact Information
Clear Start TaxCorporate Communications Departmentseo@clearstarttax.com(949) 535-1627
SOURCE: Clear Start Tax
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
3 hours ago
- Yahoo
‘My whole financial world is upside down': I'm ‘medically retired' at 51 with $428K in stocks. Is this enough to live on?
I wrote to you in 2023 about wanting to retire to the Philippines with my wife. I'm now writing to you for advice a second time. I'm 51, still married, 25 years now, and still residing in Maryland. My whole financial world is upside down as my life has changed dramatically. The job I was going to go back to after a five-year hiatus lasted all but 3 months as I couldn't continue my duties due to my ongoing medical issues. My wife and I have $7,000 a month in pensions and Social Security, plus $140,000 cash. Can we afford to retire? 'Finance makes me break out in hives': I inherited $240K from my parents. Do I pay off my $258K mortgage and give up my job? I'm a stay-at-home mom. Do I take a part-time job to spend more time with my kids — or get a job for six figures? My mother, 89, keeps getting her credit card scammed. She gets a new one — and it happens again. What's going on? The stock market is hitting records — three reasons why top Morgan Stanley strategist sees more room to run I haven't worked since and am currently filing for Social Security Disability Benefits. I am still receiving my monthly disability benefits from the VA for $350 and have again filed claims for an increase in percentages. Both of these processes are dragging on in time and I'm hoping for a resolution by year's end. Now let me get to our finances. Our family's monthly take-home pay is $4,500 with $4,000 in expenses. We still do not have any debt except for the $50,000 I owe on the mortgage. Our home is worth close to $400,000. We have $70,000 in liquid savings ($50,000 in a 4% CD and $20,000 in a high-yield savings account earning 3.85%). We also have $44,000 in an emergency fund, which I am using to pay down the mortgage, $247,000 in our portfolio (80/20 stocks/bonds), $105,000 in a 403(b), $61,000 in another stock account and $15,000 in a traditional IRA. We also own about $30,000 in gold/silver coins and high-end jewelry/Rolex watches. We still own all three vehicles. Related: We're living in 'end times' when you can't retire on $1 million I am not sure if we will be retiring to the Philippines, as my mother-in-law has passed and my father-in-law is really getting up there in age. I found out that I will be limited in my VA medical coverage and healthcare costs are very expensive there. My wife has stated that she wants to return to the States after her father passes. We will leave Maryland for warmer climates. I consider myself medically retired now. My wife would like to work for five more years and then retire. If I were to get Social Security disability and increased VA benefits, it would be around $2,000 a month for Social Security and between $2,000 and $4,000 for VA benefits. When my wife draws her Social Security benefits, it should also be around $2,000 a month. We hope to find a home in the $200,000 to $250,000 range, which we will pay cash for. We want to live comfortably and maybe buy a small 25-foot boat to fish/crab. I didn't factor in taxes because we don't know where we will retire. It could be South Carolina, Georgia, Alabama, Mississippi or Texas. Wherever we go, it will be close to a VA hospital and the ocean. We are aiming for a 4%-5% withdrawal rate for 30 years. Will we have enough? I haven't factored in Social Security or VA disability because I am not getting them yet. What are the withdrawal limits and tax implications for a 403(b) and a traditional IRA? Any insight you could provide would be greatly appreciated. Thank you again for your time. Medically Retired Don't miss: 'Finance makes me break out in hives': I inherited $240K from my parents. Do I pay off my $258K mortgage and give up my job? First off, thank you for your time. Thank you for writing a second time and sharing your story. You didn't make any big moves without doing your research, and life changed both in terms of your own ability to work, however ready and willing you were, and in terms of your wife's family and those aforementioned medical costs in the Philippines. Here's the headline from your letter and the green flag for your retirement: You have been saving, investing and putting money into retirement accounts, and diligently paying off your mortgage. You did the maximum financial preparation when you were able to work, and those efforts will pay off in the years ahead. You are also aiming to retire debt-free. That's huge. Your challenge, and one you appear to be facing head-on, is your $4,000-a-month expenses. Because of your inability to work, your task is to exercise more control over your expenses because you have less control over your income (although hopefully your disability benefits will be resolved sooner rather than later). This in-between time gives you an opportunity to plan. The more modestly you can live, the easier your retirement. And here's a secret: You can live like a millionaire in retirement, if you have a roof over your head that's paid for, and you enjoy your pastimes, whether it's fishing or playing golf. Your quality of life is based on having the ability and freedom to do the things you enjoy. Alabama and Mississippi are among the states with the lowest cost of living, while Georgia and South Carolina would have more moderate costs of living. Texas, which does not have state income tax, is more of a crapshoot: You'll get less bang for your buck in Austin or Dallas than Amarillo or Wichita Falls. Check out this MarketWatch state-by-state cost-of-living guide. Related: The reason we have savings is to dip into them when we absolutely need to and live off them when the time comes. If you had zero in the bank, you'd be in a very different situation. Despite your inability to work, you have a lot to be grateful for. That may be why there's not an inch of self-pity in your letter. It's worth noting. Bravo to you for all of the above. Let's just look at your savings/investments: Your investment portfolio, 403(b), brokerage account and traditional IRA total $428,000. Taking $17,120 per year, or approximately $1,427 per month, would last you around 30 years. An 80/20 stocks/bonds portfolio would give you, conservatively, a 7% average annual return, not accounting for inflation. There are no withdrawal limits for a 403(b) or traditional IRA, but you may face higher taxes if you withdraw larger lump sums. You will also incur a 10% penalty, plus the requisite income tax, if you withdraw money before you reach 59 ½. Your required minimum distributions start at 73. However, you may be able to make penalty-free withdrawals related to your disability. At your age, according to T. Rowe Price, you should have saved roughly 3.5 times to 5.5 times your preretirement gross income. And by 60, you should have six to 11 times your salary saved in order to be comfortably considered on track for retirement. But I'm betting most people reading this are saying, 'That's not happening.' It's more of a goal/ideal, rather than a reality. If you end up with $4,000 to $6,000 a month in benefits, and your wife has $2,000, you will have joint annual benefits of between $48,000 to $72,000; the top end puts you close to the median household income in the U.S. A comfortable retirement is roughly two-thirds of your annual working income. Your VA health benefits and zero mortgage will also help. Hopefully, we'll all be here in five years. Let me know how you're getting on. Don't miss: I'm 51, earn $129K and have $165K in my 401(k). Can I afford to retire when my husband, 59, draws Social Security at 62? More from Quentin Fottrell: I'm a stay-at-home mom. Do I take a part-time job to spend more time with my kids — or get a job for six figures? My wife and I have $7,000 a month in pensions and Social Security, plus $140,000 cash. Can we afford to retire? My job is offering me a payout. Should I take a $61,000 lump sum or $355 a month for life? Trading in risky penny stocks is booming. Why it could be a sign of trouble ahead for the market. 'My whole financial world is upside down': I'm 'medically retired' at 51 with $428K in stocks. Is this enough to live on? My job is offering me a payout. Should I take a $61,000 lump sum — or $355 a month for life? Companies are issuing the least amount of 30-year bonds in 14 years. What that tells investors. My brother stole $100K from my mom to buy bitcoin. Do I convince her to sue him?
Yahoo
6 hours ago
- Yahoo
'I Will Never Work Again': What Retirees Who Gave Up Work Completely Say About Life Now
More retirees are staying busy — but not everyone is working. Many retirees choose to stay connected to work, even if only part-time. Whether it's substitute teaching, freelancing, or picking up a fun side gig, plenty of retirees say they enjoy having a reason to get out of the house and some extra income to go with it. But that's not the whole story. In fact, a large group of retirees have stepped away from paid work entirely — and say they have no intention of returning. "I will never work again," one Reddit user wrote on the forum r/Retirement, launching a conversation that's gained momentum among those who identify as fully retired. These retirees aren't picking up side hustles or consulting jobs. They're done — and content to be. Don't Miss: Maximize saving for your retirement and cut down on taxes: . Invest early in CancerVax's breakthrough tech aiming to disrupt a $231B market. Among current retirees, 71% say they are not working in any capacity, according to a CNBC survey. While some continue working by choice or necessity, a quiet but firm group is opting out completely. For some, health plays a major role. One Redditor shared that a car accident 16 months into retirement left them unable to work — but also gave them clarity. Now, their days are focused on healing, enjoying time with their spouse, and planning small trips. "That's good enough for me," they wrote. Others say they've simply done their time. After decades of high-stress work, some retirees relish doing nothing at all — and don't feel the need to explain it. "I'm the person everyone says you shouldn't be," one 71-year-old wrote. "Don't 'do' much if anything — except what I like." That includes quiet mornings, staying up all night, and ignoring most scheduled social activities. Trending: Tired of Grid Failures and Charging Deserts? This Startup Has a Solar Fix and $25M+ in Sales — Contrary to the idea that work gives life purpose, many retirees say they find joy and fulfillment in everyday routines. One described retirement as "like being a kid again — except I have a car and money." Another shared how retirement gave him the chance to return to who he once was: "If my 16-year-old self showed up at the door to judge my life, I'd want him to feel like he finally got let off the leash." Many are keeping active in other ways — just not for pay. Some garden, race cars, read, or pursue hobbies. Others spend time with grandchildren or simply many current retirees have stopped working completely, younger adults may be more likely to stay engaged with work after retirement. Just 11% of future retirees say they plan to stop working entirely, according to the CNBC survey. For those unsure if they'll be ready to fully retire, continuing to work can offer both financial and emotional benefits. Experts say even part-time income can stretch retirement savings and boost Social Security payouts. But for those who can afford to stop working — and want to — the stories from fully retired Redditors offer an encouraging message: life after work doesn't have to be busy to be meaningful. Read Next: Can you guess how many retire with a $5,000,000 nest egg? . Image: Shutterstock UNLOCKED: 5 NEW TRADES EVERY WEEK. Click now to get top trade ideas daily, plus unlimited access to cutting-edge tools and strategies to gain an edge in the markets. Get the latest stock analysis from Benzinga? APPLE (AAPL): Free Stock Analysis Report This article 'I Will Never Work Again': What Retirees Who Gave Up Work Completely Say About Life Now originally appeared on © 2025 Benzinga does not provide investment advice. All rights reserved. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
6 hours ago
- Yahoo
The stock market is hitting records — three reasons why top Morgan Stanley strategist sees more room to run
Stocks are on course to enter the second half of 2025 in record territory. The rebound from the mid-April trough has been sharp, with the S&P 500 SPX up nearly 24% Inevitably, as we enter the often treacherous summer months, investors and analysts alike are questioning whether the market's strength can be justified. My wife and I have $7,000 a month in pensions and Social Security, plus $140,000 cash. Can we afford to retire? I'm a stay-at-home mom. Do I take a part-time job to spend more time with my kids — or get a job for six figures? Why out-of-favor Apple holds the key to tech stocks in the coming weeks My mother, 89, keeps getting her credit card scammed. She gets a new one — and it happens again. What's going on? 'My whole financial world is upside down': I'm 'medically retired' at 51 with $428K in stocks. Is this enough to live on? Mike Wilson, Morgan Stanley's top equity analyst, thinks it can. In a new note on Monday, he lays out three reasons why he remains bullish on a six to 12 month horizon. The first point is earnings. Wilson observes that analyst forecasts for S&P 500 earnings have improved markedly in recent weeks as fears subside about the possible damage done to corporate profits from the Trump trade war. Importantly, the more optimistic view of company profits is widening, beyond the already popular big tech names, for example. Indeed, earnings revision breadth (ERB), a measure of how widespread positive or negative earnings estimate changes are, has risen from minus 25% in mid April to the current minus 5%. Wilson says that similar inflections in ERB have pointed to 'strong returns ahead,' though he accepts that 'such a broadening is likely to take hold in large cap quality before it involves small caps/low quality stocks.' He also notes that earnings growth will outperform economic growth — a reversal of what was seen in 2022 to 2024 — because of a weaker dollar and favorable tax incentives from the Trump administration's 'Big, Beautiful Bill'. The second factor is shifting expectations of Federal Reserve policy. Wilson says Morgan Stanley economists think the Fed will cut interest rates seven times in 2026, as unemployment becomes more of an issue than inflation. Such an easing of policy should be a tailwind for stocks. '[T]he equity market isn't going to wait for the obvious signal in terms of a more dovish shift in monetary policy from the Fed — i.e., stocks will get in front of it,' he says. In fact, he reckons that has already started to happen. The danger to this positive impact on equities would be if data showed an acceleration in the unemployment rate and multiple negative payroll numbers — though that is not the Morgan Stanley economists' baseline forecast. The third factor is stocks' traditional ability to shrug off exogenous shocks. 'The equity market seems to be following the historical playbook around prior geopolitical risk events that we highlighted last week — stability in performance after a few days,' says Wilson. Linked to this — as the Israel-Iran conflict abates — is the pullback in oil prices CL.1 from the recent spike, which has reduced the risk of higher energy costs threatening the business cycle. In addition, Wilson notes that the proposed 'revenge tax' that was seen damaging investment into the U.S. now looks likely to be dropped from the 'Big, Beautiful Bill'. Finally, Wilson observes that the Treasury market's term premium — the extra return that investors demand to take the risk of lending to the U.S. over longer periods — has fallen back over the last month as investors stress less about the U.S.'s fiscal position. 'With this dynamic taking place, and the 10-year yield BX:TMUBMUSD10Y staying contained below 4.50%, we believe interest rate risk has been reduced for the time being,' Wilson says. He maintains his base case S&P 500 target over the next 12 months at 6,500. U.S. stock-indices SPX DJIA COMP are higher at the opening bell as benchmark Treasury yields BX:TMUBMUSD10Y fall. The dollar index DXY is down, while oil prices CL.1 rise and gold GC00 is trading around $3,280 an ounce. Key asset performance Last 5d 1m YTD 1y S&P 500 6173.07 2.45% 3.99% 4.96% 12.75% Nasdaq Composite 20,273.46 4.25% 6.07% 4.99% 14.33% 10-year Treasury 4.259 -9.00 -19.10 -31.70 -20.80 Gold 3295.6 -2.62% -3.25% 24.87% 40.73% Oil 65.41 -2.69% 3.76% -8.99% -21.55% Data: MarketWatch. Treasury yields change expressed in basis points Need to Know starts early and is updated until the opening bell, but to get it delivered once to your email box. The emailed version will be sent out at about 7:30 a.m. Eastern. U.S. economic data due Monday include the Chicago business barometer for June, due at 9:45 a.m. eastern. Atlanta Fed President Raphael Bostic will speak on the economic outlook at 9:00 a.m., and Chicago Fed President Austan Goolsbee speaks at 1:00 p.m. Trade talks between Canada and the U.S. are back on after Ottawa did a U-turn on imposing a digital services tax on U.S. companies. The Senate is expected to vote on Republican's tax bill on Monday. Big U.S. banks passed the Federal Reserve's stress tests, it was revealed late Friday. China's manufacturing sector shrank for the third month in a row. Moderna shares MRNA are up after the company announced positive phase 3 results for its seasonal influenza vaccine. Nvidia insiders cash out $1 billion worth of shares. One American's two-year quest to move his business out of China. 'He's going to do everything to damage the president': Former Musk friend on the Trump fallout. 'So far, the current bull market looks like a normal one, with the potential to match the returns of some of the best bull markets since the mid-1960s.' That's Ed Yardeni, of Yardeni Research, writing in his latest note. He's still targeting 6500 for S&P 500 by the end of this year and 10,000 by the end of what he calls the 'Roaring 2020s' decade. 'It's a bit hard to believe, but the main risk at this time may be a stock market meltup, i.e., a speculative bubble. That's where we were only four and a half months ago when the latest correction started!,' Yardeni says. Read more here. Here were the most active stock-market tickers on MarketWatch as of 6 a.m. Eastern. Ticker Security name TSLA Tesla NVDA Nvidia PLTR Palantir Technologies GME GameStop AMD Advanced Micro Devices AMZN AAPL Apple TSM Taiwan Semiconductor Manufacturing META Meta Platforms GNS Genius China's soccerbots. Spain's most cuddly cow. Tech CEO pays $400,000 to conduct Toronto Symphony. For more market updates plus actionable trade ideas for stocks, options and crypto, . Companies are issuing the least amount of 30-year bonds in 14 years. What that tells investors. My job is offering me a payout. Should I take a $61,000 lump sum or $355 a month for life? My brother stole $100K from my mom to buy bitcoin. Do I convince her to sue him? How June's bond rally might give way to a round of volatility in Treasury bills My friend asked me to chip in $1,600 for her son's prom-night limo. Has the world gone mad? Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data