IRS Help- Cyber Thieves Stole Up To $39 million In IRS Data Breach

IRS Help

IRS Commissioner John Koskinen told Congress this month that the thieves who were responsible for the most recent data breach of the IRS, have stolen as much as $39 million through filing fraudulent tax refunds. Thieves were able to file after they gained access to taxpayer information. Koskinen told Congress during the update that federal tax officials are working with private tax-preparation firms in an effort to make the U.S. tax system security better. The federal inspector general who oversees the IRS has predicted that they could more computer attacks. Preliminary investigation results indicate that the cyber thieves were part of an effort operated from Internet domains hosted in Russia and other foreign countries. He also confirmed that the thieves did make roughly 200,000 attempts to obtain taxpayer data through the “get transcript” application the IRS uses. “Get transcript” is an interactive program that allows taxpayers to access copies of their own federal tax returns from previous years. Of the 200,000, roughly half of those people had their data stolen. Koskinen says that the IRS conducted an investigation and claims that 35,000 taxpayers who had their data stolen already their 2014 federal tax returns prior to the cyber-attack and was not affected by it. There is no record for any 2015 tax filing for an additional 33,000 taxpayers. The investigators have hypothesized that that the thieves could have stockpiled the stolen data with intent to file fraudulent returns for future tax years. Community Tax can help you if you have been a victim of Tax Identity Theft. With our Monitoring Program, you can receive Tax Identity Theft Resolution. Call 877-883-8384 today to learn how Community Tax can help you with your tax problem! About the Author: Nick Charveron is a licensed tax practitioner, Co-Founder & Partner of Community Tax, LLC. His Enrolled Agent designation is the highest tax credential offer by the U.S Department of Treasury, providing unrestricted practice rights before the IRS. Follow him on Twitter @VelocityTax