The last thing you want to see is a notice from Uncle Sam stating that someone has already claimed your refund. By taking steps to prevent IRS identity theft in the first place, you can hopefully avoid the headache and extra time commitment in dealing with the IRS. Consider these steps.
Folks spend a lot of time preparing the money for the kids, but don't spend a lot of time preparing the kids for the money. No one would just hand the keys to the brand-new car to a 16 year old with a newly minted driver's license, but no experience. We also shouldn't hand the keys to our financial kingdom to our adult children without getting them ready.