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In 2012, identity theft was blamed for $4 billion of fraudulent tax refunds by the Internal Revenue Service (IRS) [8] and 770,000 taxpayers have been the victims of tax identity theft by 2013. [9] A public-private initiative by the IRS and employers in 2016 resulted in a 50% drop in incidents of taxpayer identity theft reports. [10]
The IRS rejects the return as a duplicate. Identity theft, identity piracy or identity infringement occurs when someone uses another's personal identifying information, like their name, identifying number, or credit card number, without their permission, to commit fraud or other crimes. The term identity theft was coined in 1964. [1]
Thousands of unfortunate taxpayers who are the victims of identity theft are waiting up to nearly two years to receive their federal income tax refunds, according to news released Wednesday by the ...
Here are five practices to build into your regular money management — and keep your personal and financial information safe from criminals and fraud online. 1. Monitor your finances regularly ...
provides that the IRS may participate in an information sharing and analysis center aimed at preventing identity theft tax refund fraud. requires that the IRS provide identity protection personal identification numbers to taxpayers who request them (within five years of the law's enactment).
If you become a victim of ID theft while using SafeCentral’s online protection service, SafeCentral will refund the price of your subscription. Please call AOL Customer Service at 1-800-827-6364 for more information.