11.12.20

The Treasury Inspector General for Tax Administration (TIGTA) has issued an audit that assesses the IRS’s work to prevent business identity theft.

The Treasury Inspector General for Tax Administration (TIGTA) has issued an audit that assesses the IRS’s work to prevent business identity theft.

Bottom line, the partially redacted audit said that the IRS continues to act to improve its detection of business identity theft. In 2018, the number of identity theft filters the IRS used was 35. By 2020, that number grew to 84.

However, TIGTA said, “continued expansion of detection capabilities, to include other business return types, is needed.” For example, TIGTA said it found 36 business return types with refunds issued totaling $10.5 billion in 2019 that weren’t evaluated for potential identity theft. Read the audit: https://bit.ly/35pW1G9