Barbara Weltman

Big Ideas for Small Business, Inc.

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IRS Making Progress Against Tax ID Theft

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As a result of security measures, the IRS has been able to cut tax ID theft by 46% last year. Last year the IRS stopped more than $6.5 billion in fraudulent refund claims (i.e., those under stolen SSNs). The IRS is running a campaign called “Don’t take the bait.”