Tax Identity Theft Awareness
Tax Identity Theft Awareness Week
This week is designated as Tax Identity Theft Awareness Week, and we would like to take this opportunity to remind you of the increased threats of identity theft during this time of year. Tax season is a busy time for fraudsters, as documents containing personal information like W-2s and 1099s are being mailed or posted online. If compromised, this information can be a source for identity theft and the creation of synthetic identities; tactics often used by fraudsters to file false returns and fraudulently apply for credit.
Fraudsters gain access to valuable personal and payroll information by impersonating the IRS or other tax entities via phishing, malware and various forms of business email compromise. For instance, recently fraudsters claiming to represent the IRS have contacted potential victims asking for personal information, threatening that the victim’s Social Security number could be suspended or canceled if they did not comply. It is important to understand that the IRS does not contact taxpayers by email, text message or social media channels to request personal or financial information, including passwords and PIN numbers. Any such attempt should serve as an alarm.
Provided below are some considerations for your protection during tax season:
 Although we are not in the endorsement business I want to acknowledge that this letter was modified from a letter originally sent out to businesses by Regions Bank.
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