Tax Refund Theft is Nation's Fastest-Growing Fraud

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By Kathy Kristof / CBS MoneyWatch

Story Created: Mar 6, 2013 at 9:05 AM AKDT

Story Updated: Mar 6, 2013 at 5:18 PM AKDT

(MoneyWatch) There may be a compelling argument for filing your tax return early this year. A new report by the Consumer Sentinel Network, a law enforcement coalition focused on identifying and fighting fraud, says that the nation's fastest growing crime involves stealing Social Security numbers to grab your tax refund.

If the crook files a tax return before you, your refund could be delayed for six months or more. And you could be forced to spend hours with tax authorities trying to establish that you really are the taxpayer you say you are.

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