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IRS Says Changes to the Law Could Help Fight Tax Fraud

IRS Says Changes to the Law Could Help Fight Tax Fraud

You’d think the Internal Revenue Service would receive your W-2 income information at about the same time you receive it—by late January each year.

It doesn’t. That info often doesn’t arrive at the IRS until late March—tomorrow, March 31, in fact. And that helps explain why the IRS paid $5.8 billion in fraudulent refunds in 2013. It can’t compare the wage information on an early-filed income tax form to the actual employer data.

Even IRS Commissioner John Koskinen thought otherwise until he took over the agency in late 2013.

Jean Chatzky on… Identity Theft

Jean Chatzky on… Identity Theft

According to Javelin Strategy & Research’s 2015 Identity Fraud Study, 12.7 million people were victims of identity theft last year, at a cost of $16 billion. If you’re keeping up with this research, you’re probably noting that that figure is actually down from 2013, when a record 13.1 million people were victimized.

Good news? Perhaps. But Al Pascual, the director of fraud and security at Javelin, says the numbers don’t tell the whole story. In a year that included the aftermath of the Target data breach, after which 95% of cards involved were replaced and state attorneys general were stressing the importance of identity protection, we managed to kick the numbers down a measly 3%. With that kind of awareness, Pascual says, we should’ve seen the numbers take a much deeper dive.

Our #ShareAwesome Winner on Digital Citizenship

Our #ShareAwesome Winner on Digital Citizenship

What does a 16-year-old know about being a good digital citizen? Quite a bit, in fact!

Mika V. is the winner of the National PTA’s #ShareAwesome contest—a social media challenge, powered by LifeLock, that promoted good digital citizenship. The Southern California teen was selected from among hundreds of entrants from across the country. The teenagers captured and shared photos of awesome people, moments and  decisions. Mika and nine other finalists then submitted a video for further consideration.

Death and Taxes—and Social Security Numbers

Death and Taxes—and Social Security Numbers

Nothing is certain in life, they say. Just death and taxes.

That’s why a new report issued by the Office of the Inspector General recently caught my eye—because it appeared that the death part seemed less certain than I thought. The report found that there are more than 6.4 million active U.S. Social Security numbers for people in the age category of 112+.

Huh? Where did all those people come from?

Premera Blue Cross Data Breach

Premera Blue Cross Data Breach

Premera Blue Cross says cyberattackers have “executed a sophisticated attack,” against the health care services company, gaining unauthorized access to its IT systems. In doing so the attackers may have accessed the personally identifiable information—including financial and medical records—of 11 million people, members and others.