IRS Announces New Steps To Protect Taxpayers From Identity Theft Tax Fraud

Internal Revenue Service (IRS) Commissioner John Koskinen, leading tax partners and state tax administrators have announced new steps to protect taxpayers from identity theft tax fraud, including a new collaborative effort between public and private sectors to protect taxpayers and their tax returns. The announcement was made at a press conference held earlier today, just … Read more

IRS, TIGTA Talk Tech, Identity Theft & Security At Congressional Hearing

Internal Revenue Service (IRS) Commissioner John Koskinen was back on the Hill this week, together with J. Russell George, The Treasury Inspector General for Tax Administration (TIGTA), to testify before members of Congress. This time, both were asked about the unauthorized access to the “Get Transcript” application on the IRS web site. The hearing was … Read more

IRS Issues Statement On Unauthorized Access Of Taxpayer Transcripts

The Internal Revenue Service has issued a statement regarding the unauthorized access of taxpayer information using the “Get Transcript” application. Follows is the statement in full: The IRS announced today that criminals used taxpayer-specific data acquired from non-IRS sources to gain unauthorized access to information on approximately 100,000 tax accounts through IRS’ “Get Transcript” application. … Read more

IRS Says Identity Thieves Accessed Tax Transcripts For More Than 100,000 Taxpayers

The Internal Revenue Service (IRS) announced today that identity thieves have illegally accessed tax information for more than 100,000 taxpayers with unsuccessful attempts made on approximately 100,000 additional taxpayer accounts. IRS Commissioner John Koskinen delivered the news at a hastily arranged press conference this afternoon. The urgency, he indicated, was to alert taxpayers to the … Read more

Taxes From A To Z (2015): S Is For Scams

It’s my annual “Taxes from A to Z” series! Next up: S Is For Scams There have always been folks willing to take advantage of honest taxpayers but recently it feels like scams are all the rage. The Internal Revenue Service (IRS) is working to educate taxpayers about scams with the hope that the more … Read more

Paying Your Taxes In Bitcoin? Bill Would Make It Easy.

At tax time, you can generally settle your bill by cash (though not necessarily folded cash), check or credit card. A New Hampshire State Representative is hoping to add another way to pay: Bitcoin. A bill introduced earlier this year in New Hampshire, HR552, would require the state’s treasurer to “develop an implementation plan for … Read more

What If Tax Refund Theft Isn’t Really About Refund Theft?

Jim* (not his real name) knows all about the importance of having a secure password for his financial accounts. It’s what he does for a living. He does security work and has spent a lot of his professional life learning how to avoid a hack. So when he signed in to his TurboTax account last … Read more

Intuit & Apple Have Changed The Rules For TurboTax Users

When it comes to choosing a tax preparation platform, some taxpayers like the opportunity to create and file a tax return on the internet by using a product like TurboTax Online. However, amid concerns about security, some taxpayers prefer the option to prepare and print a tax return to be mailed directly to the appropriate … Read more

FBI Investigates Tax Fraud Reports As TurboTax Denies It’s A Target

As concerns about stolen data and tax identity fraud continue to mount, it’s clear that this isn’t an issue restricted to Minnesota. Or Utah. Or Connecticut. With that in mind, it’s no surprise that the Federal Bureau of Investigation (FBI) has reportedly opened an investigation into a potential computer data breach related to fraudulent tax … Read more

IRS Releases Latest Version Of Its Mobile App – And Something’s Missing

The Internal Revenue Service has announced the release of IRS2Go 5.0, the latest version of its mobile app. IRS Commissioner John Koskinen touted the update, saying, “The new version of IRS2Go provides taxpayers another way to quickly get information and help around the clock. The IRS is focused on providing taxpayers with convenient self-service tools … Read more