The Easy Tax Refund Scam That Cost the US Billions in 2014
Every year, a tax refund scam like this accounts for billions of dollars in losses. In 2014, identity theft topped the annual IRS list of tax refund scams. That year, identity theft affected over 17 million people and cost a whopping $15.4 billion. Although not all identity theft prompted the loss of tax refunds, tax-related crimes constituted a large percentage of total identity theft incidents that year. Tax-based identity theft scams have continued to plague honest taxpayers in recent years.…