WASHINGTON, June 9, 2020 /PRNewswire/ -- The American Coalition for Taxpayer Rights (ACTR) praised the IRS in a letter today as newly released data shows that the public-private partnership among federal and state tax agencies and private-sector partners has scored major successes in reducing identity theft tax refund fraud in the past five years.
"The reduction in the incidence of identity theft tax refund fraud is extremely good news for taxpayers," said Stephen M. Ryan, counsel to ACTR, a 14-member trade group of the nation's leading tax preparation companies and the financial institutions that offer tax-time financial products. "But the coalition of industry and government must remain vigilant in combating these crimes."
Today, IRS Commissioner Rettig convened the first virtual meeting of the five-year-old Security Summit, as the public-private partnership is known.
New statistics show that:
Since it was launched five years ago, the IRS Security Summit partnership has put together an array of different safeguards and strategies to combat and prevent individual thieves and criminal syndicates from appropriating taxpayers' identities and filing fraudulent returns to steal tax revenue.
In its Agency Priority Goal Action Plan, filed in December, the IRS laid out the challenges it faces in fighting identity-theft fraud.1 Data breaches of personal information outside the tax system are increasing the susceptibility of the system to criminals, and there has been an "increase in more sophisticated identity theft techniques. . ." coming from "new cyber gangs [that] were highly organized, highly sophisticated and well-funded."2
ACTR member companies ? who are the nation's leading retail tax preparation and tax software companies and related financial institutions3 -- play a critical role in the Security Summit. And they have been at the forefront of the effort to combat fraud even before the Summit was convened.
ACTR has assisted in the establishment of the Identity Theft and Tax Fraud Information Sharing and Analysis Center, or ISAC, a public-private partnership that shares information with the goal of detecting, preventing and deterring activities related to stolen-identity refund fraud.4 In addition, ACTR has convened cybersecurity meetings at the Pell Center at Salve Regina University in Newport, R.I., home to a renowned cyber-security program,5 and funded the preparation and delivery of training for tax-preparation professionals at the IRS Tax Forums.
The ACTR letter to Commissioner Rettig concluded: "Our industry and our ACTR group are dedicated to serving the American taxpayer, and we will continue to work hard ? under the IRS's leadership -- to keep the tax-filing system as safe and secure as it can possibly be for the taxpayers we serve."
The American Coalition for Taxpayer Rights is dedicated to ensuring taxpayer rights and the American tradition of a voluntary compliance tax system. Its members include CCH/Wolters Kluwer, Drake Tax, H&R Block, Intuit, Jackson Hewitt Tax Service, Liberty Tax Service, Metabank, NetSpend, OnLine Taxes, Republic Bank & Trust, TaxACT, Tax Hawk, Tax Products Group/Green Dot, and TaxSlayer.
Contact: | Elizabeth Heaton, [email protected] 202-445-9858 |
James K. Glassman, [email protected] 202-334-5777 |
1 https://www.performance.gov/treasury/2019_dec_Treasury_Fraud_Prevention.pdf
2 https://www.irs.gov/pub/irs-utl/about_the_security_summit.pdf
3 http://www.americancoalitionfortaxpayerrights.org/
4 https://www.irs.gov/pub/newsroom/IDTTRF%20ISAC%20April%202018%20Annual%20Report.pdf
5 https://salve.edu/pell-center
SOURCE American Coalition for Taxpayer Rights (ACTR)
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