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A Sucker Born Every Minute

Colleen MacFarlane

If there's a sucker born every minute, the birthrate of scammers seems to keep pace.

"Abundant scams and rip-offs being seen by the IRS and the Security Summit partners include ever-evolving and increasingly sophisticated phishing emails and related attacks," the partners in the Security Summit initiative announced at the kickoff of the recent National Tax Security Awareness Week. The group includes the Internal Revenue Service, states, the tax industry and tax pros. (Summit members have launched a related group, the Coalition Against Scam and Scheme Threats.)  

Throughout the week, they shared the latest ways crooks are attacking — and how tax pros can defend themselves and their clients.  Here’s one: The basics: Simple but effective

Everybody should take simple — and frequently overlooked — steps to protect their important financial and tax information: Set security software to automatically update; back up files; use strong passwords and multi-factor authentication; and encrypt all devices. Businesses are also encouraged to keep EIN information current and use Form 14039-B to proactively report potential identity theft if they receive an unexpected rejection notice for a filed return, get a notice about a return or W-2 they never filed or get a notice about a balance due when one isn't owed.



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