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IRS issues new tax scam warnings, FSA tool suspended due to security concerns

The IRS has issued a new warning to businesses, taxpayers, and tax prep professionals about Phishing scams targeting sensitive information they work with on a daily basis. Last week, the IRS and the US Department of Education suspended a tool that helps people obtain financial aid for college. Last year, between January and September, 1.2 billion fraudulent returns were filed by scammers. The IRS paid out $2.24 billion in fraudulent returns during calendar year 2015, which is 15-percent of the total amount attempted that year.”]

Source: https://www.csoonline.com/article/3183575/irs-issues-new-tax-scam-warnings-fsa-tool-suspended-due-to-security-concerns.html

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