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Are Tax Practitioners Protecting Your Personal Information?

GAO WatchBlog: “Doing your taxes can be complicated. So it’s no surprise that nearly 90% of taxpayers use either a paid preparer or tax software to prepare and file their taxes each year. In an age of data breaches and identity theft, how safe is your information after you provide it to one of those third parties? We take a look in today’s WatchBlog..The information that you provide to your paid preparer or tax software package is a potential goldmine for identity thieves because it contains a lot of personal, financial, or federal tax information. Fraudsters may steal this information and use it to collect a fraudulent tax refund or commit other types of crimes…”

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