Tax-Related Identity Theft Down Sharply

Tax-Related Identity Theft

The IRS’ Security Summit initiatives produced steep declines in tax-related identity theft in 2017. The number of taxpayers reporting themselves as victims of identity theft dropped 40 percent in 2017. This marks the second sharp annual decline. Since 2015, the number of tax-related identity theft victims has fallen by almost two-thirds. Therefore, the IRS’ efforts protected billions of dollars of taxpayer refunds from theft.

Author: Brian Thompson

Chicago CPA and attorney