IRS Tax Break to Employers Providing Identity Theft Protection Benefit

The IRS has issued new guidelines on the taxability of the identity protection services provided by employers at no cost to employees. Announcement 2016‐02 provides that: Individuals/Employees who receive identity theft protection services from their employer (or from another organization that the individuals provided personal information to) do not need to include the value of … Continue reading IRS Tax Break to Employers Providing Identity Theft Protection Benefit

WARNING: Phishing Scheme Involving W-2s

The IRS is urging payroll and human resources departments to be vigilant when opening emails this tax season in response to an emerging phishing scheme. The email purports to be a company executive requesting personal information on employees. This phishing variation is known as a “spoofing” email. It will contain, for example, the actual name … Continue reading WARNING: Phishing Scheme Involving W-2s

5 Tips to Protect Yourself From Identity Theft During Tax Season

Tax season is upon us, and while many of us are eagerly waiting for our tax refunds to hit our bank accounts, others are struggling to get a refund at all. In 2013, the Internal Revenue Service paid $5.8 billion in bogus refunds to identity thieves. According to the General Accountability office, the actual figure … Continue reading 5 Tips to Protect Yourself From Identity Theft During Tax Season