Recommended By: Kristin King
BREAKING NEWS – In this new article from Journal of Accountancy, the IRS has just announced that as many as 300,000 taxpayers’ identities may have been stolen by identify thieves. Although the motive appears unknown, it seems likely that the plan may be to use the stolen information to file false returns next year in an attempt to get illegal refunds.
If your information has been compromised, the IRS will inform you via a letter. If you receive a letter , the first step is to call your CPA and let them guide you through the steps that may prevent further damage.
To read the article, visit the Journal of Accountancy’s website here: Thieves access IRS Get Transcript app, 100,000 accounts compromised
As a Principal in Ellin & Tucker’s Tax Department, Kristin A. King, CPA, MST, provides specialized tax and consulting services to large corporations and individual clients with national, international and multi-state activities. Her extensive experience with corporate and personal and trust taxation makes her a knowledgeable resource tax minimization and other tax issues. She is also knowledgeable in transactional tax work including acquisitions and liquidations. Kristin is an adjunct professor at the University of Baltimore’s School of Law teaching Income Taxation of Estates and Trusts. Kristin may be reached a email@example.com or by phone at (410) 727-5735.