Ste. Genevieve : 573-883-3056
St. Louis : 314-260-6120
NASHVILLE : 615-733-8168
Toll Free : 888-367-6512

104,000 Taxpayers To Get Free Credit Monitoring From the IRS.

It isn't often we hear about the IRS giving something away for free. But, considering the fact that 104,000 taxpayers had their identities stolen and were unable to file their tax returns because thieves were able to access their personal information through the IRS's "Get Transcript" application, well it seems that's the least the IRS could do.

Criminals first gain enough information from other sources before they try to access the IRS site. First they troll through social media sites gaining access to birth dates, street addresses and nicknames before attempting to get into the IRS site.  Eventually they get enough information allowing them to clear a multi-step authentication process, which includes several personal verification questions that typically are know only by the taxpayers.

Even though the IRS is scrambling to correct issues in their systems, it's difficult to adapt detection and prevention processes to keep up with the identity thieves since identity theft patterns are constantly evolving. According to Russell George, the Treasury Inspector General for Tax Administration, "Undetected tax refund fraud results in significant federal outlays and erodes taxpayer confidence in the federal tax system." (www.accountingtoday.com/news/tax-practice/irs-gets-better-at-detecting-identity-theft-74736-1.html?utm_campaign=daily-may%2029%202015&utm_medium=email&utm_source=newsletter&ET=webcpa%3Ae4465578%3A4454360a%3A&st=email)

While this type of activity is not officially recognized as a security breach because as the Inspector General points out, the IRS's basic information is still secured, it is considered "a modified form of identity theft." It gives the criminals enough data to impersonate the taxpayer.

Let this be a warning to be more cautious about what kind of information you make public on social media sites. Modified identity theft or security breach, the devastation to more than 100,000 taxpayers this year alone is indescribable. And who knows how many taxpayers are already targeted for the next tax season. So, a little free credit monitoring from the IRS for failing to keep important information out of the hands of thieves, yes, that is the very least the IRS could do.

No Comments

Leave a comment
Comment Information

How Can We Help?

Bold labels are required.

Contact Information

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.


Privacy Policy

Ste. Genevieve Office
150 Merchant Street
(By Appointment)
Ste. Genevieve, MO 63670

Phone: 573-883-3056
Fax: 573-883-3095
Ste. Genevieve Law Office Map

St. Louis Office
3636 South Geyer Road, Suite 100
(By Appointment)
St. Louis, MO 63127

Phone: 314-260-6120
Fax: 314-238-7201
Map & Directions

Nashville Office
424 Church Street, Suite 2000
PMB 293
Nashville, TN 37219

Phone: 615-733-8168
Map & Directions

Review Us