In 2013, 1.63 million taxpayers were victims of tax identity theft according to a report from the Treasury Inspector General for Tax Administration.
In response to this increasing problem, Equifax Personal Solutions, a leading provider of credit monitoring and identity protection solutions for consumers, and H&R Block, Inc. the world’s largest consumer tax services provider, have teamed up to provide consumers with a new solution, Tax Identity ShieldSM to help better protect them and their families.
Leveraging Equifax’s data and analytics expertise, Tax Identity Shield provides H&R Block clients with the following features:
- IRS Identity Protection PIN: Helps prevent unauthorized tax return filing.
- Pre-tax Season Tax Identity Theft Scan and Alert: Assesses whether personal information may be at risk for tax identity theft and steps consumer should take to help reduce chances of becoming a victim.
- Tax E-file Notification: Receive early detection if there’s an attempt to submit a fraudulent tax return through the H&R Block e-file system.
- Tax Identity Restoration Assistance: In the event of tax identity theft, specialists are on hand to help assist consumers in navigating the waters to work with the IRS.
About H&R Block
H&R Block, Inc.is the world’s largest consumer tax services provider. More than 650 million tax returns have been prepared worldwide by and through H&R Block since 1955. In fiscal 2014, H&R Block had annual revenues over $3.0 billion with 24.2 million tax returns prepared worldwide. Tax return preparation services are provided in approximately 12,000 company-owned and franchise retail tax offices worldwide by professional tax preparers, and through H&R Block Tax Software products. H&R Block Bank provides affordable banking products and services.