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A Drastic Reduction in Losses from Fraudulent Tax Returns Filed by Identity Thieves
In 2011, identity thieves stole $5.2 billion in tax refunds by filing 1.5 million fraudulent tax forms to receive refunds.
In 2013, approximately $30 billion in identity related theft through the IRS website was attempted; approximately $5.8 billion of it was successful.
In 2014, 2.7 million taxpayers had their identities stolen from the IRS.
In 2015, it was thought that 330,000 people had their identities stolen from the IRS, which were used to obtain $50 million in bogus tax refunds.
That number was later revised to 700,000 identities.
In 2016, 464,000 social security numbers were used to acquire 101,000 E-file PINs (the unique keys required to file tax forms).
This year, hackers have used the Free Application for Federal Student Aid (a site run by the IRS) to access data of 100,000 accounts.
With this information, hackers were able to steal $30 million in fraudulent tax returns.
Science & Tech