Businesses are Vulnerable to Identity Theft
Tax Tip:
Business owners, beware: Online identity theft is a growing threat that can cripple your company or shut it down forever. Signs of business identity theft include being unable to file a tax return because one has already been filed using your Employer Identification Number, receiving a rejection for a routine extension and obtaining tax transcripts that don’t match your tax returns.
To guard against this all-too-common cybercrime, install antimalware and antivirus software and deploy firewalls. Also, multifactor authentication should be used, sensitive files should be encrypted and backed up, and access to these files should be limited to authorized personnel. Contact us with questions, or search “business identity theft” on the IRS website.
This material is generic in nature. Before relying on the material in any important matter, users should note date of publication and carefully evaluate its accuracy, currency, completeness, and relevance for their purposes, and should obtain any appropriate professional advice relevant to their particular circumstances.
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