IRS Announces Collaboration to Fight Identity Theft Tax-Refund Fraud
Friday, June 26th, 2015 @ 1:44PM
by Jason Bramwell on Jun 11 2015
A new collaboration between the IRS and tax-preparation and software companies, payroll and tax financial product processors, and state tax administrators was announced on June 11 in an effort to combat the recent surge in identity theft tax-refund fraud.
The agreement includes identifying new steps to validate taxpayer and tax return information at the time of filing. Information sharing between the tax-preparation industry and governments will also be increased, as well as the standardized sharing of suspected identity fraud information and analytics to identify fraud schemes and patterns.