The IRS is issuing a new warning to all accountants and taxpayers about data theft.
Fortunately, there is an easy step you can take to overcome it. (Forbes)
But the IRS does have a solution and it’s a sound one already used by many individuals and firms: multi-factor authentication.
In a news release, the IRS is encouraging tax professionals and taxpayers to use the free, multi-factor authentication feature offered on tax preparation software products. “Use of the multi-factor authentication feature is a free and easy way to protect clients and practitioners’ offices from data theft,” the news release reads.
Kenneth Corbin, commissioner of the IRS wage and investment division explained how the IRS, state tax agencies and the private-sector tax industry worked together as the Security Summit to ensure the multi-factor authentication feature is available to practitioners and taxpayers.
“The multi-factor authentication feature is simple to set up and easy to use,” Corbin said, warning: “Using it may just save you from the financial pain and frustration of identity theft.”