2121 W AIRPORT FRWY SUITE 101 IRVING, TX 75062 | CALL: 469-647-9950 | FAX: (469) 293-3500



Cheshier Tax Resolution Blog

rss

Tips and case resolution studies


Cyberthieves Target Businesses of All Sizes
Employers large and small must be alert to the growing threat of business identity theft and take additional steps step up cybersecurity protections.

Awareness about business identity theft is one in a series of tips offered by the Internal Revenue Service, state tax agencies and tax industry, which work together as the Security Summit to protect taxpayers. The Security Summit is marking its fourth National Tax Security Awareness Week by reminding employers that they too can be victims of identity theft.

As with fraudulent individual returns, there are certain warning signs that may indicate identity theft. Business, partnerships and estate and trust filers should be alert to potential identity theft and contact the IRS if they experience any of these issues:

• Extension to file requests are rejected because a return with the Employer Identification Number (EIN) or Social Security Number (SSN) is already on file;
• An e-filed return is rejected because of a duplicate EIN/SSN is already on file with the IRS;
• An unexpected receipt of a tax transcript or an IRS notice or letter that doesn’t correspond to anything submitted by the filer;
• Failure to receive expected and routine correspondence from the IRS because the identity thief has changed the address.

The IRS also asks those tax professionals preparing business-related returns to step up the “know your customer” procedures. Tax preparation software for business-related returns asks a series of questions. Answering those questions also will help identify suspicious returns.



Comments are closed.
Showing 0 Comment


Testimonials
  • "I would recommend Cheshier Tax Resolution to anyone trying to catch up with the IRS."

    JEFF E.tax client
  • "I was getting behind more and more; Dionne's team helped me get back on track and they did it fast!"

    BRIAN H.tax client
  • "So nice to finally just put the company on auto-pilot; I focus on growth, CTR takes care of the books."

    STEVE M.payroll client
Certifications