July 14, 2021, 5:00 AM

IRS, state tax agencies and the tax industry starting annual campaign to raise awareness among tax professionals about data security the week of July 26, the IRS announced. Identity theft from tax pros has increased as through June 30, 2021, there have been 222 data theft reports, outpacing the rate of 211 in 2020 and 124 in 2019, the IRS noted. Scammers either trick or hack their way into tax professionals’ computer systems to access client data; they use stolen data to file fraudulent tax returns that make it more difficult for the IRS and the states to detect because …

Read full article at news.bloombergtax.com


Comments are closed.