IRS Doubles Number of Taxpayers Whose Data May Have Been Stolen

Washington — The Internal Revenue Service said Friday that criminals attacking its website may have stolen sensitive personal information from more than twice as many taxpayers as initially expected. In total, cyber criminals may have accessed tax data for more than 700,000 taxpayers by hacking the agency’s “Get Transcript” tool, which allows taxpayers to obtain copies of previous tax returns, the IRS said. Criminals tried to use the...

Read More

Why You May Wait Longer For Your Tax Refund This Year

Washington — In less than two weeks, taxpayers will be able to file their tax returns. But many taxpayers will have to wait longer to cash out their tax refunds thanks to new efforts from the IRS and state tax authorities to catch tax fraud. Last week, Illinois became the first state to announce that it will delay tax refunds to have more time to verify tax returns. State tax refunds won’t be issued until after March 1, the state’s...

Read More

Intuit Sued Over TurboTax Security

Two victims of identity theft have sued Intuit, the maker of TurboTax, claiming that poor security measures contributed to a possible spike in tax fraud this year. In the lawsuit, which was filed Monday in the Northern District Court of California, the two taxpayers accused the company of not taking enough steps to protect customers’ data or to stop criminals from using that information to file fraudulent tax returns and steal tax...

Read More

Our Newspaper Family Includes: