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IRS crackdown on identity theft

Future-Proof: Navigate Threats, Seize Opportunities at ICNY 2018 | Jan 22-26 at the Marriott Marquis, Times Square, New York

Here's an easy way for an identity thief to make money: Use the victim's Social Security number to file a forged tax return and claim a refund.The fake return is usually filed early in the tax season, before the real return is filed. You may be unaware that this has happened until you file your return later in the filing season and discover that two returns have been filed using the same Social Security number. The Internal Revenue Service is well aware of this problem and is trying stop it. Last week, as part of a stepped-up effort against refund fraud and identity theft, the IRS and the U.S. Justice Department conducted a massive national sweep targeting suspected identity thieves. The IRS has also stepped up its internal reviews to spot false tax returns before tax refunds are issued. How do you know if you're an IRS identity theft victim? One way is if you receive an IRS notice or letter stating that: more than one tax return for you was filed; you have a balan...