Due to the IRS budget cuts, the confusion regarding the new tax law, and the vast amount of data compromised, the filing season for 2017 may be rampant with tax-related crimes. There were 787,000 identity theft returns confirmed and stopped by the IRS last year. The total exceeded $4 billion. The IRS projected a $21 billion loss in 2016 for fraud.
Contrary to popular belief, identity theft does not only affect your finances. In fact, it can affect anyone and apart from your bank account, it can target your children and medical information. Secured Document Shredding, LLC will address the different ways a person can steal your identity and how you can protect yourself and your loved ones.
The Internal Revenue Service (IRS) in conjunction with the State Tax Authority has waged a fight against identity theft through tax systems. During their previous summit, reports of notable progress on the initiative were tabled, while new procedures were laid out for the next phase.