H&R Block joins effort to root out tax fraud, identity theft

H&R Block will release it's third-quarter 2015 earnings  after market close on Wednesday | Courtesy of Bloomberg
H&R Block and the IRS have joined forces to combat financial crimes such as tax fraud and identity theft. | Courtesy of Bloomberg

Against the backdrop of massive growth in tax return fraud and identity theft, Kansas City-based H&R Block and others in the tax industry joined with the Internal Revenue Service on Thursday in announcing a new plan to address those financial crimes.

A big piece of the effort will be sharing information across companies and government agencies. All involved parties pledged to watch for fraud schemes and alert one another when they’re detected.

Another key component of the campaign is educating taxpayers on how to protect themselves.

Most of the changes, though, will focus on how tax returns are handled, rather than on how taxpayers submit the returns.

Read more from the Kansas City Star


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