IDAHO (KMVT/KSVT) The IRS is creating awareness about identity theft ahead of the 2019 tax filing season.
Dec. 3 to Dec. 7 is National Tax Security Awareness Week, according to the International Revenue Service. The week is a joint effort by the IRS, state tax agencies, and the tax industry to create awareness about identity theft and how individual and business taxpayers can protect their data ahead of the 2019 filing season.
Last filing season, the IRS prevented more than 700,000 identity theft returns, totaling more than $4 billion . But, with new tax laws passed under the current administration, the IRS is concerned cybercriminals may be using this filing season as an opportunity to capitalize on confusion with tax code.
"Sometimes you just don't know until you try to file their tax return and it gets rejected, because there's already been a return that's accepted," the CEO of Stevens Pierce & Associates CPA said.
According to co-founder of Credit.com Adam Levin, the best way to avoid becoming a victim of a tax fraud is to file your tax return as soon as you have all the necessary documents.