They say nothing is certain except for death and taxes. In 2019, it’s time to add cyber tax scams to the list. The Internal Revenue Service (IRS) has released its annual “Dirty Dozen” list of tax scams – and it’s no surprise that nefarious online schemes top the list. Here are some of the most common (and clever) techniques that hackers are using to defraud Americans of their personal information and hard-earned income.
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On December 30th, 2015, the IRS officially announced that employers are not required to include the value of pre-breach identity protection services in employee gross income. This adds to a previous announcement where the IRS stated in August 2015,with announcement 2015-22, that post-breach identity protection benefits would have preferential tax treatment.
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Do you think the IRS is protecting your personal information from cyber thieves? Apparently the Government Accountability Office (GAO) doesn’t think so. In a March 2016 report titled, “IRS Needs to Further Improve Controls Over Financial Taxpayer Data”, the GAO found that 28 vulnerabilities that the IRS claimed to have resolved have still not been fixed.
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