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Tax season is underway and HR professionals can play a key role in identifying and deterring tax identity theft, the most common form of identity theft reported to the Federal Trade Commission (FTC) in 2014.
Tax-related identity theft typically happens when criminals file fraudulent tax returns using other people’s Social Security numbers in order to receive refunds.
This is the fifth consecutive year in which tax-related ID theft topped the list of identity theft complaints, accounting for nearly one-third of all identity theft complaints to the FTC.
The agency, along with the Department of Veterans Affairs, the Internal Revenue Service (IRS), the AARP and others, is holding a series of events Jan. 26-30, 2105, as part of
Tax Identity Theft Awareness Week. “It’s a good time for HR offices to review their battle plans,” said Lesley Fair, a senior attorney at the FTC.
The agency received 109,063 complaints about tax identity theft in 2014, or 32.8 percent of the 332,646 overall complaints about ID theft.
Here are some tips from the FTC to prevent this scourge:
She offered these ideas:
Roy Maurer is an online editor/manager for SHRM.
Follow him @SHRMRoy
SHRM Online Safety & Security page
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