Major data breaches across the globe have caused financial havoc for identity theft victims.
Scammers use your personal information to apply for credit in your name, receive medical services or collect unemployment benefits. They can even get a job pretending to be you.
This is what happened when someone stole my husband’s Social Security number and used his identity to get work at Scottsdale, Ariz.-based Liveops, which describes itself as “a virtual contact center offering an on-demand skilled workforce of onshore virtual agents for customer service and sales needs.”
Generally, if you’re an independent contractor, you’re considered self-employed. So instead of receiving a W-2, you might get a Form 1099-NEC (for non-employee compensation), which reports the income you earned during the year. The IRS compares what it receives on documents such as W-2s or 1099s with what people report on their federal income tax returns.
If there’s a discrepancy, you’re likely to receive a CP2000 letter from the IRS. It can be a frightening notice, because the agency might question whether you underreported your income and assess additional taxes and interest.
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