Ways Tax Prep Companies Are Fighting Tax Identity Theft, 2016

Tax Stories of the Jacksonsville Princess

Posted by srpatterson3 (#1) 2997 days ago (http://2015taxes.org)

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New Steps TurboTax and H&R Block are taking to keep you safe
Taxpayers are planning to get their finances organized in time for the April 18 filing deadline. Unfortunately, tax security theft is causing a challenge. Identity thieves are also planning to file fraudulent returns.

For many years, phony tax returns have been a critical challenge for the Internal Revenue Service. According to the Government Accountability Office, IRS provides that it issued approximately $5.8 tax year in fraudulent tax refunds in 2013 alone. A 2012 approximation from the Treasury Inspector General for Tax Administration also established that due to identity theft over the subsequent five years, IRS could issue $21 billion in potentially fraudulent tax returns. Recent high-profile cyber security incidents have kept taxpayer on the edge.
New guidelines are in place to sort out this problem. H&R Block and Intuit and other companies will share more … Read 2015 Taxes
The post Ways Tax Prep Companies Are Fighting Tax Identity Theft, 2016 appeared first on 2015 Taxes to 2016 Taxes.

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