THE American
Institute of Certified Public Accountants (AICPA) presented evidence at
the Internal Revenue Service (IRS) Oversight Board Forum regarding its
proposals about how to curb United States tax identity theft and fraud.
It
is believed that some actions would reduce the threat of identity theft for
legislative or regulatory changes proposing regulations authorizing filers
of certain information returns to voluntarily truncate a taxpayer's identifying
number is a constructive step towards defending the privacy and security
of personal information.
A
fundamental tax administration goal for combating fraud is establishing one
point of contact within the IRS for prompt resolution of identity theft cases.
Currently, 21 units exist within the IRS to help victims of identity theft.
The IRS should be provided with the proper resources to fund its mission,
since the fight against identity theft fraud is taking a toll on IRS resources.
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