May 11, 2015
Thomson Reuters Checkpoint Releases Special Report for Professionals Assisting Victims of Tax-Related Identity Theft
NEW YORK - Thomson Reuters Checkpoint has released a special report to highlight the prevalence of tax-related identity theft and to guide practitioners representing victims.
The report is based on recent publications by the Internal Revenue Service which reported that identity theft is the fastest growing U.S. crime and tax refund fraud has been the most commonly reported kind of identity theft for the past five years.
“Why is tax identity theft growing so quickly?” said Jim Keller, executive editor at Thomson Reuters Checkpoint and author of the special report. “Anecdotally, the IRS has heard of organized criminals who have given up drug trafficking to engage in the much easier, safer, and just-as-lucrative endeavor of tax refund fraud.”
The report will help practitioners and taxpayers understand trends, tax fraud schemes, and developments in identity theft. It also explains:
- How to detect tax-related identity fraud.
- How the IRS responds to identity theft and helps victims.
- Steps for representing tax identity theft victims.
The special report is available for download at no cost at Tax.thomsonreuters.com/IDTheft
Thomson Reuters Checkpoint IRS Response Library has the tools and guidance that tax and accounting professionals need to efficiently assist clients with tax-related identity theft issues. For more information, visit tax.thomsonreuters.com or call 800.950.1216.
Thomson Reuters Checkpoint is the leading global information solution for tax and accounting professionals. It provides integrated research, editorial insight, productivity tools, online learning and news updates along with intelligent linking to related content and software. Checkpoint is relied on by thousands of tax and accounting professionals including 97 of the Top 100 U.S. law firms, 96 of the Fortune 100 companies, and 99 of the top 100 U.S. CPA firms.
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