Blog | G5 Cyber Security

Identity Theft May Cost US Billions in Tax Refund Fraud

Internal Revenue Service (IRS) revealed in its latest audit a dazzling sum of money paid to lawbreakers who filed counterfeit tax returns on behalf of deceased or socially assisted citizens. The IRS has reports of potentially fraudulent tax returns filed from some e-mail addresses and placed them under observation. Some tax return schemes have resulted in money deposited in a debit-card account somewhere in Florida. These schemes apparently use Social Security Numbers of deceased people or those on public social assistance. The IRS doesn`t have complete data on how criminals operate.”]

Source: https://www.bitdefender.com/blog/hotforsecurity/identity-theft-may-cost-us-billions-in-tax-refund-fraud/

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