Identity theft affects millions of taxpayers each year. The AICPA has consistently supported and remains committed to regulatory and legislative measures that result in the deterrence of identity theft.
The amount of fraudulent refunds paid and the economic impact to individual victims of identity theft are currently unacceptable and growing. As a first step, we think it is necessary to implement necessary measures to abate tax return identity theft. We realize no system will eliminate all identity theft and tax fraud. However, the expense of establishing a more secure system is offset by the long-term benefits in terms of direct cost savings and overall trust in the integrity of the tax system.
AICPA recommends the following measures to help deter identity theft:
Tax Advocacy Efforts