There are a lot of instances wherein you will experience identity theft whenever you lost your social security card. It can get tricky to catch the culprit considering the fact that you might not even notice it. In some instances though, there are individuals that are using existing social security number in order to open their own bank account and to apply for a job. In these instances, you will notice that your credit rating might get affected. It is also not far from the possibility that you will be hounded by the IRS.
How do you address the situation then if there is really identity theft? You will have to make sure that you report it first to the authorities. Next, you also want to document everything. Make sure that you can prove that your SSN has been used by another person.
This way, if the IRS is going after you for taxes that don’t match your income reflected on your social security number, you’ll have a way of defending yourself. In addition to this, you might also want to consider getting a new social security number. For those that entertained the thought of having a new one instead, this can be a bit of a tricky situation. For one, you will have to restart from the start. Also, you will have to deal with the reality that your request for a new SSN may not be granted.