The Internal Revenue Service is making progress on its efforts to combat stolen identity refund fraud, but the accuracy of its measurements of the identity theft problem needs to be better, according to a new government report.
The report, from the Treasury Inspector General for Tax Administration, found that the IRS’s strategies for improving the detection and prevention of identity theft have led to some big improvements. But as identity theft continues to evolve and cybercriminals find increasingly sophisticated ways to get around the IRS’s barriers, the IRS has begun to explore more initiatives to aid in its overall detection and prevention efforts. For example, the IRS has created a Security Summit in partnership with the tax software industry, major tax prep chains and state tax authorities. It has also done additional coding of W-2 and Wage and Tax Statement forms to help detect and stop identity theft.
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