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Released: January 08, 2013
Online tax filing popular with taxpayers – and thieves
Source: Allison Lynn, Today (MSNBC)
The vast majority of Americans filed their tax returns electronically last year, taking advantage of e-filing systems that offer convenience for taxpayers but also have opened up a major new avenue for tax fraud. About 81 percent of taxpayers filed their returns electronically in 2012, the independent IRS Oversight Board said in a report released Friday.
Electronic filing of tax returns also has gained popularity in recent years with thieves, who use stolen Social Security numbers and other information to file fake tax returns using popular tax preparation software, and then collect hefty refunds.
Read Full Article: Online tax filing popular with taxpayers – and thieves
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