According to a recent survey from the Journal of Accountancy, identity theft now affects a majority of tax professionals, at at least 63% of all CPAs have at least one client who has been a victim of this crime. The Federal Trade Commission now reports that Identity Theft is the #1 consumer complaint.
The IRS has almost 700,000 PENDING identity theft cases, a 69% increase over last year. Sadly, the IRS does not have nearly enough manpower to deal with this enormous problem. Proof: only 37% of all calls were answered by the IRS during the 2015 tax season. The IRS also takes an average of 275 days simply to resolve an identity theft case. And wait times are increasing.