Wednesday, December 05, 2018

National Tax Security Awareness Week

From the Internal Revenue Service:

The Internal Revenue Service, state tax agencies and the tax industry will hold a National Tax Security Awareness Week December 3-7, 2018 to encourage individual and business taxpayers to take steps to protect their tax data and identities in advance of the 2019 filing season.

The IRS announced steep declines in tax-related identity theft in 2017 following the success of the Security Summit effort. Key indicators of identity theft dropped for the second year in a row in 2017. This includes a 40 percent decline in taxpayers reporting they are victims of identity theft in 2016. Since 2015, the number of tax-related identity theft victims has fallen by almost two-thirds and billions of dollars of taxpayer refunds have been protected.

The Don't Take the Bait awareness series is focused on the need for tax professionals to increase their computer security and be cautious of spear phishing scams. Tax professionals must remember that they have a legal requirement under federal law to protect taxpayer information.

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