IRS Announces 71 Percent Reduction in Identity Theft

By:
Chris Gaetano
Published Date:
Apr 9, 2019
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The IRS announced significant progress against identity theft, reporting that there has been a 71 percent decrease in the number of people identifying themselves as victims between 2015 and 2018. The IRS came to this conclusion by looking at the number of taxpayers who filed identity theft affadavits. The IRS received 677,000 three years ago; last year, it received 199,000. It also noted that the number of confirmed identity theft returns declined by 54 percent in the same time period, preventing a combined $24 billion of fraudulent refunds from going out.

“Despite these major successes, more work remains,” IRS Commissioner Chuck Rettig said. “Identity thieves are often members of sophisticated criminal syndicates, based here and abroad. They have the resources, the technology and the skills to carry on this fight. The IRS and the Summit partners must continue to work together to protect taxpayers as cyberthieves continue to evolve and adjust their tactics.”

NYSSCPA members can learn more about what is happening at the IRS at the Foundation for Accounting Education's upcoming IRS Practice and Procedures Conference, scheduled for Dec. 6.

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