200 Billion Was The Cost Of Identity Theft Last Year So How Can You Guard Against Tax Fraud
And with tax season usually the prime time for unfortunate filers to uncover identity theft, including unemployment fraud which can result in tax complications and additional identity theft, another $2.3 billion fell into unscrupulous hands because of tax identity theft. Even pandemic-related relief measures such as stimulus checks (opens in new tab) have been taken advantage of at a cost of $370 million. How to fight back against identity theft Warning that the extended tax season (opens in new tab) only gives even greater opportunity for fraudsters, Donna Parent, chief marketing officer at Sontiq, the company behind the analysis (opens in new tab), said “new victims right now may not find out until tax time next year”....