Exclusive Content:

Retirement Planning: Essential Factors, Strategies, and Insights for Timing...

Navigating Retirement: Strategies, Calculators, and Expert Advice Financial Disclaimer Paid...

Projected Growth of Active Sensor Market to Hit $50.7...

Exploring the Growth of the Measurement and Test...

Sumer finalizes its eleventh acquisition to strengthen its accountancy...

Sumer Acquires DPC Chartered Accountants: Expanding Presence in...

Tax professionals cautioned by IRS to be vigilant against identity theft

Tax professionals cautioned by IRS to be vigilant against identity theft

IRS Warns Tax Professionals of Identity Theft Threats and Delays in Helping Victims

The Internal Revenue Service (IRS) is warning tax professionals to be on high alert as identity thieves target them and their clients. This warning comes in the wake of a report from the National Taxpayer Advocate highlighting long delays at the IRS in assisting identity theft victims.

IRS Commissioner Danny Werfel emphasized the importance of staying current on the latest security threats to protect both tax professionals and their clients. The IRS is partnering with the tax industry and state tax authorities in its annual “Protect Your Clients; Protect Yourself” campaign to combat tax-related identity theft.

The National Taxpayer Advocate’s midyear report to Congress revealed significant delays in the IRS’s assistance to identity theft victims, with some cases taking over 22 months to resolve. The IRS is working to raise awareness about the issue to prevent cybercriminals from accessing clients’ information.

The IRS and its Security Summit partners are urging tax professionals to maintain strong security measures and be prepared in case of a security incident. The upcoming Nationwide Tax Forum in Chicago on July 9 will provide further information on protecting against identity theft.

Tax professionals are advised to take special precautions to safeguard sensitive information and remain vigilant against scammers attempting to file fraudulent tax returns. The IRS and its partners are committed to protecting taxpayer information at both the state and federal levels.

Latest

Retirement Planning: Essential Factors, Strategies, and Insights for Timing Your Retirement

Navigating Retirement: Strategies, Calculators, and Expert Advice Financial Disclaimer Paid...

Projected Growth of Active Sensor Market to Hit $50.7 Billion

Exploring the Growth of the Measurement and Test...

Sumer finalizes its eleventh acquisition to strengthen its accountancy group

Sumer Acquires DPC Chartered Accountants: Expanding Presence in...

IT Audit for Change Management at Wolters Kluwer

Understanding IT Change Management IT change management is a...

Newsletter

Don't miss

HKA expands forensic accounting and commercial damages practice with three new experts

HKA Welcomes Three Experts to Forensic Accounting and...

Delta Air Lines CEO Challenges the Economic Tactics of Budget Airlines

Delta Air Lines CEO Critiques Low-Cost Carriers Amid...

Challenges Facing Accountants in 2024: A Closer Look at...

Top Challenges Facing Tax and Accounting Professionals: Staffing, Time Management, Changing Tax Laws, and Billing The accounting industry is facing a myriad of challenges,...

Bloomberg Tax & Accounting Unveils AI Expression Generator and...

Enhancements to Bloomberg Tax Workpapers with AI Formula Generator and Integrations Bloomberg Tax & Accounting Unveils New AI Formula Generator and Integrations to Streamline...

Andersen and Platform Extend their Reach in M&A

Andersen Expands Presence in Florida with New Tampa Office Acquisition Andersen, the rapidly growing reboot of Arthur Andersen, continues its expansion in Florida with...