Taxpayer Identity Theft Is on the Rise
IDENTITY THEFT—U.S.June 3, 2011
A new Government Accountability Office (GAO) report indicates that taxpayer identity theft is increasing in spite of Internal Revenue Service (IRS) attempts to prevent it, Bloomberg reports. The number of reported IRS identity thefts rose from 51,702 in 2008 to almost 250,000 in 2010. The report noted that employment fraud is also difficult to spot. "By the time both the victim and the IRS determine that an identity theft incident occurred," the report states, "well over a year may have passed since the employment fraud." The GAO said the IRS is taking additional steps to address the issue.