Accounting And Tax Tips
The IRS, condition-tax companies, and private-sector industry leaders today complete their continued progress against tax-related identification theft and ready additional safeguards for the 2018 processing season to suppress refund fraud. The most recent IRS data continuing to show significant improvements as fewer identification theft returns came into the taxes system, fewer fraudulent refunds were fewer and released taxpayers were confirming themselves as victims of identification fraud. “We’ve made tremendous progress since the Security Summit partnership held its first session in 2015,” said IRS Commissioner John Koskinen.
“We’ve seen the number of identity-theft-related tax returns fall by about two-thirds since 2015. This dramatic decrease helped prevent thousands of taxpayers from facing the difficulties of working with identity robbery issues. This shows the unique collaboration between the tax industry, the carrying on states and the IRS. But we’ve a lot more work facing us. Even as we evolve, so do the cybercriminals here and abroad.
“The collaborative work of the Summit is helping states, industry, and the IRS identify deceptive schemes and tax returns earlier,” said Courtney M. Kay-Decker, director of the Iowa Department of Revenue and a consultant of the Federation of Tax Administrators. This is Koskinen’s last Security Summit conference prior to the final end of his term as IRS commissioner in November.
Koskinen convened the various groups collectively for an unprecedented meeting in 2015. This session led to the creation of the Security Summit and a series of initiatives that resulted in greater protections for the taxpayers and the …