Uncle Sam Is Cracking Down on Identity Theft - Products News

ADVERTISING DISCLOSURE

ADVERTISING DISCLOSURE:
Credit-Land.com is an independent, advertising-supported web site. Credit-Land.com receives compensation from most credit card issuers whose offers appear on our site. Compensation from our advertising partners impacts how and where their products appear on our site, including, for example, the order in which they may appear within review lists. Credit-Land.com has not reviewed all available credit card offers in the marketplace.

Credit Card Applications » News » Products » Uncle Sam Is Cracking Down on Identity Theft

Uncle Sam Is Cracking Down on Identity Theft

Uncle Sam Is Cracking Down on Identity Theft
The content is accurate at the time of publication and is subject to change.

With identity theft running rampant this tax season, the IRS and the Justice Department have joined forces to crack down on fraudsters using stolen information to file false claims in the hopes of getting an undeserved return.


In late January, federal authorities launched investigations across the nation which targeted 105 individuals in 23 different states. The sweep culminated in 69 grand jury indictments along with 939 counts of criminal charges being filed by prosecutors resulting in arrests in Southern California, New York, the Midwest and the South.


“This unprecedented effort against identity theft sends a strong, unmistakable message to anyone considering participating in a refund fraud scheme this tax season,” said Doug Shulman, the IRS Commissioner, according to The Salt Lake Tribune.


Additionally, enforcement agents dispatched by the IRS investigated some 150 businesses specializing in money services in nine different areas considered to be high-risk, one of which was Los Angeles, in an attempt to discover whether or not they facilitated, knowingly or unknowingly, any sort of identity theft or tax refund fraud. Currently, there are over 250 check-cashing facilities under audit by the IRS throughout the country.


“ID theft is a growing problem all across the country, and we`ve come to find out that the tax system isn`t immune. They`ve figured out that just like they can steal credit card numbers, they can file false refunds,” said Anabel Marquez, a spokeswoman for the IRS, as reported by The Los Angeles Times. She claims that approximately 260,000 fraudulent returns were identified by the IRS last year.


The agency is focusing efforts on devising new screening filters to recognize identity theft which will help agents in the spotting of fraudulent returns prior to being processed and a return is issued.


Identity theft is what happens when an individual steals then uses someone else`s personal data such as their name, date of birth and Social Security number to perpetrate fraud and other crimes. In the case of a fraudulent tax filing, many victims are not aware of what has happened until they are notified by the IRS that more than one tax return was filed bearing their personal information or else the IRS has records of wages earned from employers the taxpayer has never worked for.


Anyone fearing they may be a victim of identity theft should contact the IRS immediately and measures can be taken to secure their tax account.

Disclaimer: This editorial content is not provided or commissioned by the credit card issuer(s). Opinions expressed here are the author's alone, not those of the credit card issuer(s), and have not been reviewed, approved or otherwise endorsed by the credit card issuer(s). Reasonable efforts are made to present accurate information, however all information is presented without warranty. Consult a card's issuing bank for the terms & conditions.
All rates and fees, and other terms and conditions of the products mentioned in this article/post are actual as of the last update date but are subject to change. See the current products' Terms & Conditions on the issuing banks' websites.
Add to Favorites:

Related News:

Get 100,000 Bonus Points with the Radisson Rewards Premier Visa Signature

Posted: December 14, 2018

If you have been thinking about getting the Radisson Rewards Premier Visa Signature credit card, now might be the time to take another look because it now comes with 100,000 bonus points. This is a limited time offer, which is in play from ... Continue reading
Minor League Baseball and Allegiant Airlines Partner Up

Posted: December 13, 2018

Allegiant Airline and Minor League Baseball have inked a deal paving the way for a credit card partnership, one giving fans a credit card that reflects their fandom in terms of rewards whether they are traveling or catching a game. When ... Continue reading
Capital One Partners Up With Airlines

Posted: December 12, 2018

Capital One has partnered up with 14 airlines so that Venture and Spark cardholders can now use miles to pay for their flights. What is the transfer ratio? All of the carriers that have partnered up with Capital One, except for Emirates ... Continue reading
Get the latest news, articles and expert advice delivered to your inbox. It's FREE.
Earn 5% cash back at different places each quarter like gas stations, grocery stores, restaurants, Amazon.com and more up to the quarterly maximum, each time you activate.
For Excellent, Good Credit
INTRO OFFER: Discover will match ALL the Miles you've earned at the end of your first year, automatically. For example, if you earn 30,000 Miles, you get 60,000 Miles. That's $600 towards travel!
For Excellent, Good Credit
Earn 2% cash back on purchases: 1% when you buy plus 1% as you pay
For Excellent, Good Credit
You've successfully subscribed!

Please specify the following:All these fields are optional

Your Credit History
Themes you are interested in:

By providing this information you help us make our news letters more useful and informative. Thank you!