Equifax 500Assists Tax Services Industry Leader in Launching New Product, Tax Identity Shield, During Tax Identity Theft Awareness Week

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.

Source: Marketwatch.com