Thieves Steal Confidential Taxpayer Info Via IRS Website

Just when you thought you were safe to access important and confidential information via the IRS website, it turns out scammers are at it again. According to reports from the IRS, thieves have managed to break into one of the government agency’s website services and steal the confidential information of thousands of taxpayers.

In fact, according to reports, the IRS says that the personal information of more than 100,000 taxpayers has been compromised. The idea behind the scam is to steal people’s private information in order to use the victims’ identities to then file false tax returns. The scam occurred through the IRS’s “Get Transcript” service, where taxpayers are able to access their returns and other filings from prior tax years. 

According to IRS Commissioner John Koskinen these scammers are not amateurs. They appear to part of a large criminal syndicate that is attacking the entire financial industry in an effort to defraud both taxpayers and the government of millions.

The IRS discovered the issue after technicians noticed a large bump in the number of taxpayers that were asking for transcripts. While this kind of elaborate tax fraud continues to increase, the IRS claims that so far this year tax scammers have successfully claimed less than $50 million via false tax returns. However this new threat appears to very complex and the information that has been stolen could also be used in future tax seasons to defraud the IRS and taxpayers out of even more money.

Posted in

Accounting Classes

Accounting Classes Transcript: I tried taking a course on ethics for my CPE credits, but everything contradicted what I learned in my accounting classes.   To receive our free newsletter, contact us here. Subscribe our YouTube Channel for more updates. This transcript was generated by software and may not accurately reflect exactly what was said. Alan Olsen, is the…

Educational Tax Loss

Educational Tax Loss Transcript: So if I can’t find a job, does that mean that I can count my education as a tax loss?   To receive our free newsletter, contact us here. Subscribe our YouTube Channel for more updates. This transcript was generated by software and may not accurately reflect exactly what was said. Alan Olsen, is the…

Counting Your Dependents

Counting Your Dependents Transcript: So I just got back from a trip down to Mexico. I got a tapeworm down there. Yeah, at first I was upset, but then I got over it. I claimed him as a dependent and then I got myself an Earned Income Tax Credit. To receive our free newsletter, contact us here.…

An Accountants Glass

An Accountants Glass Transcript: Well you know pessimists, they see the glass as half empty. And optimists, see it as half full. But accountants… they see it being twice as big as it needs to be.   To receive our free newsletter, contact us here. Subscribe our YouTube Channel for more updates. This transcript was generated by software and…