Barry G. Fowler, EA, leading expert in tax resolution issues and CEO of Taxation Solutions talks about the millions of daily attempts made by identity thieves to steal from the IRS and how the IRS is getting better at foiling the attempts.
Houston, TX – October 29, 2018 – Barry G. Fowler, CEO of Taxation Solutions, posted a new article on the company website entitled “$1.6Billion MegaMillion Pot Equals Amount Identity Thieves Stole From IRS.” Mr. Fowler applauds the efforts being made by the IRS and cautions taxpayers to be even more diligent in protecting their information.
As Fowler points out, “Some lucky person won the same amount of money that a slew of cyber criminals stole from the IRS.” He then asks, “So, the question is, who needs to pray for good luck when you can steal from the IRS?” Fowler muses, “That must be how cybercriminals think.” He adds, “They actually tried to get away with $12 billion from the IRS coffers, but, fortunately the Government agency foiled a lot of their attempts. You have to admit though that $1.6B is not a bad payday.”
Fowler states, “Edward Killen, the agency’s chief privacyofficer told the Washington Post that, “Our systems currently withstand an average of 2.5 million intrusion attempts daily.”
“Keeping the thieves out is a tough job no matter how you look at it,” says Fowler. He continues, “I have to applaud the efforts. Killen also reported that, “From 2015 to 2017, the number of taxpayers reporting to the IRS that they were victims of identity theft dropped by 65 percent, and the number of tax returns with confirmed identity theft fell by 57 percent with more than $20 billion in taxpayer refunds being protected.”
According to Fowler, “The criminals are not going to the IRS to get information needed to steal identities. They are getting the info they need from a variety of sources outside of the IRS.” He elaborates, “We’ve been reading about it for years. There have been warnings issued by the IRS to protect your information and to be careful about what you post on social media. There have been a multitude of corporate breaches including 500 million Yahoo customers whose information was compromised, 145 million Equifax customers and 21.5 million with Office of Personnel Management files whose personally identifiable information, such as birth dates and Social Security numbers, might have been breached in cyberattacks.”
The entire article can be read at http://www.taxationsolutions.net/1-6-billion-megamillion-pot-equals-amount-identity-thieves-stole-from-irs/
About Barry G. Fowler, EA
Barry G. Fowler founded Taxation Solutions out of a genuine concern for the IRS issues his clients face, many of whom are self-employed, contract employees, or entrepreneurs. For his contributions to his profession and expertise in tax resolution and financial planning, Fowler has been featured as one of America’s Trendsetters on CBS and Yahoo, and as a Premier Expert in Inc. Magazine. He has been instrumental in helping hundreds of people resolve complex tax issues with the IRS.
Fowler is licensed to represent taxpayers before the Internal Revenue Service, and is a longstanding member of several tax industry professional organizations: NAEA, NATP, TSEA, ASTPS.