Archive for December 2024

Problem #6: DENTITY THEFT (Part II) Taxpayer Advocate Service – 10 Most Serious Problems Encountered by Taxpayers Problem #6: DENTITY THEFT (Part II) EXPLANATION OF THE PROBLEM With enough identifying information, a criminal can fraudulently file an individual or company’s tax return. The U.S. Federal Trade Commission (FTC) received about 2.8 million fraud and identity…

Problem #6: DENTITY THEFT (Part I) Taxpayer Advocate Service – 10 Most Serious Problems Encountered by Taxpayers Problem #6: DENTITY THEFT (Part I) WHY THIS IS A SERIOUS PROBLEM FOR TAXPAYERS Individuals who are victims of tax-related identity theft are waiting an average of nearly 19 months for the IRS to process their returns and…