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Issue Number: IR-2023-143
Inside This Issue
Security Summit reminder: Identity theft red flags tax pros should know
WASHINGTON — In the fourth of a special series, the Internal Revenue Service and the Security Summit partners today urged tax professionals to learn the signs of data theft so they can respond quickly to protect clients.
Tax professionals have a precious commodity that identity thieves desperately want — client tax information. With stronger fraud defenses put in place by the IRS and Security Summit partners, identity thieves need this essential information to help complete their crime.
“It’s important for tax professionals to protect their systems from identity thieves who always look for new methods to steal data,” said IRS Commissioner Danny Werfel. “There are practical ways for practitioners to keep on top of the latest trends and signs of data and identity theft.”
The IRS, state tax agencies and the nation’s tax industry – working together as the Security Summit – reminded tax professionals that they should contact the IRS immediately when there’s an identity theft issue while also contacting insurance or cybersecurity experts to assist them with determining the cause and extent of the loss.
This is the fourth in a five-part “Protect Your Client; Protect Yourself” summer series from the Security Summit, a public-private partnership that works to protect the tax system against tax-related identity theft and fraud.
The news release series and the IRS Nationwide Tax Forums, which begin today in the Washington, D.C., area, provide important information to help protect sensitive taxpayer data that tax professionals hold while also protecting their business from identity thieves. This marks the eighth year that the Security Summit partners have worked to raise awareness about these issues through the “Protect Your Clients; Protect Yourself” campaign.
Tax professional victims have frequently shared their concern with IRS that they did not immediately spot the signs of data theft. Here are some things that can help.
Tax pros: Know the warning signs
Tax professionals should also watch for these red flags when their business experiences:
While these are only a few examples, tax pros should ensure they have the highest security possible and be ready to react quickly to protect themselves and their clients. To help tax pros, the Summit partners created the Written Information Security Plan or WISP is a 28-page, easy-to-understand document developed by and for tax and industry professionals to keep customer and business information safe and secure.
Find more information at Data Theft Information for Tax Professionals.
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