November 16, 2016
The IRS along with representatives of the tax software industry and state tax agencies met on November 3, 2016 in Washington D.C. to finalize their plans to help combat tax identity theft and protect the nation’s taxpayers from identity theft fraud for the upcoming 2017 filing season.
CrossLink continues to participate in this effort and looks forward to being part of the continuing partnership with other tax industry companies, the IRS, and states to help combat the growing impact of identity theft to the federal and state tax systems.
This ground-breaking Security Summit partnership first gathered in 2015 as the IRS, state tax agencies, and the tax software industry sought to counter increasingly sophisticated criminal enterprises that were amassing massive amounts of personal data stolen elsewhere and using that data to prepare fraudulent tax returns.
For the upcoming filing season, the IRS, states, and the tax software industry will be adding additional safeguards to help improve the authentication procedures for tax returns, enhance information sharing between all Summit partners to improve fraud detection, improve cybersecurity, and continue education and outreach to the public and tax preparers.
A few of the Security Summit initiatives for the upcoming 2017 filing season are:
To learn more about this ongoing IRS, tax industry, and state collaborative effort to fight identity theft and protect taxpayers, see the following on the IRS website:
2018 Changes to Form 8867 (Preparer Due Diligence Checklist)
November 9, 2018
2018 Depreciation Changes
October 18, 2018
2018 Tax Law Changes that are Directly Reported on Form 1040
October 3, 2018
IRS Tax Transcripts Changes
September 27, 2018
Revised 2018 Schedule A due to Tax Cuts and Jobs Act Changes to Itemized Deductions
August 29, 2018
2018 Expansion of Preparer Due Diligence Requirements
August 8, 2018