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PPC's Guide to Tax-Related Identity Theft

PPC's Guide to Tax-Related Identity Theft

Product Information

  • Brand:
    Practitioners Publishing

Format

Price

Quantity

Online
Includes ongoing updates
Product Code:
TIDQ
$200.00

PPC's Guide to Tax-Related Identity Theft is a single all-in-one IRS and state resource designed to help you assist clients (or prospective clients) who are victims of tax-related identity theft. This guide is designed to allow you to assist your clients by either providing the client information to handle the issue themselves or by handling the issue for the client.

Identity theft continues to be one of the fastest growing crimes in America. According to the Bureau of Justice Statistics, 17.6 million U.S. residents age 16 or older were victims of at least one incident of identity theft in 2014 compared to 16.6 million in 2012. Tax-related identity theft, a larger subset of ID theft, continues to be a major issue for taxpayers. With 1,811,354 fraudulent refund returns identified and stopped in processing as of September 30, 2015, chances are that you have or will have a client who is a victim of tax-related ID theft. The emotional and financial consequences of ID theft can be devastating. In the event an individual is notified by the IRS, state, or otherwise suspects they have become a victim of tax-related ID theft, they will naturally look to their professional advisors for assistance.

The Guide provides detailed guidance and practical aids to help you efficiently and effectively recognize, respond to, and ultimately resolve tax-related ID theft issues for your clients with the least frustration and delay (including how to file complaints with the Federal Trade Commission, report the theft to the IRS and State(s), handle a rejected tax return, and when and how to get the Taxpayer Advocate Service involved) as well as advise clients on steps they can take to protect their personal information before or after ID theft has occurred. Practical aids (including resources you can give to clients to resolve their own cases) include client letters and handouts, step-by-step checklists, sample IRS forms, scripts for communicating with clients and the IRS, state-specific tax ID theft procedures and contact information for all 50 states and the District of Columbia, and much more.

Chapters include:

  • Overview and Introduction to Identity Theft Problem
  • Recognizing Identity Theft
  • Resolving Identity Theft Issues for Individuals
  • Resolving Identity Theft Issues for Businesses and Safeguarding Taxpayer Information
  • Post-Identity Theft (Ongoing) Considerations
  • Related Tax Considerations
  • Nontax Considerations
  • State Tax-Related Identity Theft Information
  • Index

Examples of Practice Aids include:

  • Recognizing Identity Theft
  • Ways to Order Different Types of Transcripts
  • IRS Notices Indicating Potential Identity Theft Problem
  • Sample Letters to Request a Copy of Fraudulent Return
  • Client Letter on Reducing Risk of Identity Theft
  • Client Letter on Protecting Your Personal Information
  • Interpreting Codes on Tax Account Transcripts
  • Ordering and Interpreting Credit Reports
  • Resolving Identity Theft Issues for Individuals
  • Sample Engagement Letter to Represent Client in Identity Theft Matter
  • General Checklist for Tax Identity Theft Victims Handling Matter Checklist for Victims Handling Matter—IRS Suspects Identity Theft
  • Checklist for Victims Handling Matter—Taxpayer Suspects Identity Theft
  • General Checklist for Practitioners Handling Tax Identity Theft Matter
  • Checklist for Practitioners Handling Matter—IRS Suspects Identity Theft
  • Checklist for Practitioners Handling Matter—Taxpayer Suspects Identity Theft o Basic Identity Theft Letter to the IRS
  • Sample Completed Letter to Send with Form 14039
  • Sample Completed Form 14039, Identity Theft Affidavit
  • Resolving Identity Theft Issues for Businesses and Safeguarding Taxpayer Information
  • Checklist for Business Tax Identity Theft Victims Handling Matter
  • Checklist for Practitioners Handling Business Tax Identity Theft Matter
  • Sample Letter 4310C, ID Theft Post-Adjustment
  • Sample Letter 4402C, ID Theft (Self-Identified)
  • Checklist for Safeguarding Taxpayer Data
  • Sample Letter Notifying Individuals Whose Information Has been Stolen
  • Sample Letter to IRS to Close and EIN account
  • Dealing with Post-Identity Theft Considerations
  • Identity Protection Personal Identification Number (IP PIN) FAQs
  • Checklist for Obtaining and Using an Identity Protection PIN
  • Handling a Tax Return That is Rejected
  • Requesting Assistance from the Taxpayer Advocate
  • Identity Verification Phone script PIN
  • State-Specific Information
  • Contact information for state attorney general and department of revenue for states
  • Step by step procedures for responding to state tax-related ID theft
  • State-specific tax-related ID theft forms

  • Tax-Related Identity Theft
    • INTRODUCTORY MATERIAL
    • Chapter 1 Overview and Introduction to Identity Theft Problem
    • Chapter 2 Recognizing Identity Theft
    • Chapter 3 Resolving Identity Theft Issues For Individuals
    • Chapter 4 Resolving Identity Theft Issues for Businesses and Safeguarding Taxpayer Information
    • Chapter 5 Post-identity Theft (Ongoing) Considerations
    • Chapter 6 Related Tax Considerations
    • Chapter 7 Nontax Considerations
    • Chapter 8 State Tax-Related Identity Theft Information
    • INDEX
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  • Guide to Tax-Related Identity Theft Brochure View