IRS Teams With States and Tax Industry to Fight Scams

Identity Theft

The Internal Revenue Service has entered into a joint effort with a number of U.S. states and stakeholders in the tax advisory industry to combat the growth of scams and schemes threatening taxpayers and tax systems.

The new task force will be called the Coalition Against Scam and Scheme Threats.

Convened at the request of IRS Commissioner Danny Werfel, the group will work to expand outreach and education about emerging scams. It will also develop approaches to identify potentially fraudulent returns at the point of filing and create infrastructure improvements to protect taxpayers — as well as federal, state and industry tax systems.

“Across the spectrum of the tax system, we’ve seen a rising tide of scams and schemes that try to exploit taxpayers and find gaps in government and industry defenses,” Werfel said. “This new collaborative approach will allow the private and public sectors to throw our combined weight against this threat. “

Another objective, according to Werfel, is to share information faster and more quickly alert the public to emerging threats.

See also  FINRA Issues First Reg BI-Related Fine