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34 THE QUEENS COURIER • DECEMBER 27, 2018 FOR BREAKING NEWS VISIT WWW.QNS.COM TAX TIPS HOW CAN I PROTECT MYSELF FROM IDENTITY THEFT? BY JOHN SAVIGNANO, CPA With so much data being stolen, it is very likely that almost everyone reading this has their data in the hands of someone they don’t want to have it. However, “data” can mean anything from your email address to your Social Security number, so it is important to protect what counts. AM I AT RISK? Yes, if you have ever entered any personal information into a computer, or even written it down on a piece of paper, you are at risk of identity theft. Think about the following actions. The more you do (or don’t do) the higher your risk of identity theft: ��- tion pill labels and receipts? All these common pieces of mail should always be shredded. �� media sites? �� WHAT SHOULD I DO IF I AM A VICTIM? Keep in mind the following steps: �� lenders to call you to verity your identity before granting credit. Notify all financial institutions with which you do business, cancel and order new credit and debit cards, and stop payment on outstanding checks. �� all complaints into a database that is used by law enforcement. �� ASSET PROTECTION �� or entity’s wealth or property from adverse claims, judgements, or creditors. This is distinguishable from certain illegal tactics to protect assets, such as a fraudulent transfer. One of the key purposes of forming business entities is to separate the assets, debts and liabilities from those involved in the business or from related �� liability company, any judgment pursuant to that lawsuit would normally be limited to the assets of that limited liability company, and not the personal assets of the managers or owners of such company. Other kinds of entities, such as an irrevocable trust, can protect assets in a similar way. It is also important to keep in mind that asset protection is a longterm strategy that should be done in advance and prior to the initiation of an adverse claim. Otherwise, the assets that were transferred �� the judgement collection procedures. John Savignano is a partner with Savignano Accountants & Advisors located at 47-46 Vernon Blvd., Second Floor, in Long Island City. If you have any questions or require additional information, please call John at 718-707-0955. No W-2 required to apply. Nov. 19 - Jan. 11 Hernan Barona, E.A hernan@savignano-cpa.com www.savignano-cpa.com ObtainMyRefund.com 41-18 Crescent St., Long Island City, NY 11101 T: 718-707-0295 • F: 718-707-0299 E: hernan@savignano-cpa.com www.savignano-cpa.com 47-46 Vernon Blvd Second Floor Long Island City, NY 11101 T: 718-707-0955 • F: 718-707-0959 *If approved for an H&R Block Emerald Advance®, your credit limit could be between $350-$1000. H&R Block Emerald Advance® line of credit and H&R Block Emerald Savings® offered through Axos Bank™, Member FDIC. H&R Block Emerald Prepaid Mastercard® issued by Axos Bank pursuant to a license by Mastercard International Incorporated. All products subject to ID verification. Line of credit subject to credit and underwriting approval. Fees apply. Products offered only at participating offices. Promotional period 11/15/2018 - 1/11/2019. Emerald Financial Services, LLC is a registered agent of Axos Bank. Mastercard is a registered trademark, and the circles design is a trademark of Mastercard International Incorporated. Emerald Advance™ line of credit is a tax refund-related credit product. Emerald Card® is a tax refund-related deposit product. OBTP# B13696 ©2018 HRB Tax Group, Inc. SAVIGNANO accountants & advisors ACCOUNTING AND TAX SERVICES THAT BENEFIT YOUR PERSONAL JOHN SAVIGNANO CPA, CGMA AND BUSINESS NEEDS • Multiple LIC Office Location • One Stop Shopping • Over 25 Years of Professional Experience • Special Offers and Promotions Available • All Services Guaranteed OUR SERVICES INCLUDE: For Individuals… • Income Tax • Tax Planning • Audit Defense • Bookkeeping • Insurance • Financials • Estates/Trusts • Net Worth Statements • Budgeting • Offer-In-Compromise For Businesses… • Income Tax • Sales Tax • Payroll Tax • Retirement • Accounting • Investments • Audit Defense • Tax Planning • Valuations • Formation/Structures www.LIC-CPA.com www.savignano-cpa.com bestaccountantinlic.com ObtainMyRefund.com Our Certified Public Accountants are here to serve clients in a variety of industries. Whether you are looking for tax preparation services, risk management advice, or assistance with a retirement plan, the team at SAVIGNANO accountants & advisors is here to help. 47-46 Vernon Blvd., 2nd Fl. LIC, NY 11101 718.707.0955 (F) 718.707.0959 41-18 Crescent St. LIC, NY 11101 718.707.0295 (F) 718.707.0299 PLEASE CALL OR VISIT US FOR FREE CONSULTATION /www.savignano-cpa.com /www.savignano-cpa.com link /www.savignano-cpa.com /www.LIC-CPA.com /www.savignano-cpa.com /WWW.QNS.COM /www.savignano-cpa.com link /www.savignano-cpa.com /ObtainMyRefund.com /ObtainMyRefund.com /www.LIC-CPA.com /bestaccountantinlic.com link link