BLOG POST

IRS and Identity Theft

On Saturday, February 28, 2015, the Wall Street Journal published an article titled:  "Invasion of the Tax Snatchers".

The following items are cited from the above referenced article:

According to the U.S. Government Accountability Office (GAO) the IRS lost an estimated $5.8 billion to fraudulent refund claims in 2013.

In 2013 there were almost 2 million suspected tax identity theft incidents, according to the Treasury Inspector General for Tax Administration (TIGTA).

For potential victims of identity theft from a data breach or a stolen purse, they can notify the IRS by filing IRS Form 14039, Identity Theft Affidavit.

Finally, "the IRS has nad its budget cut by $1.2 billion over the past five years".

These IRS budget cuts have caused longer processing times for all IRS work processes including identity theft cases.