Top Tax Issues for 2016: Day 5
11 things you and your clients will want to start thinking about for next tax season by accountingtoday.com
Day #5 Increase in Identity Theft
Under new policies announced by the IRS, taxpayers may receive a letter when the service stops suspicious tax returns that have indications of involving identity theft but contain legitimate taxpayer’s name and/or Social Security number. The IRS has agreed to reverse its policy and provide identity theft victims with copies of the fraudulent tax return that has been filed under their name by scammers, so they can take the proper steps to secure their personal information.
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