Monday, February 16, 2015

Fraud alert: What TurboTax users need to know now



Earlier this month, just as tax season was nearing its peak, 19 states and Intuit — the maker of TurboTax software — noticed a surge of fraudulent state-tax filings prepared with TurboTax. The company responded by suspending electronic transmission of state returns for about 24 hours on Feb. 5 and 6.

The Federal Bureau of Investigation is working to determine who was behind the filings, and if they used illegally obtained personal data to secure bogus refunds. There are signs the fraud also may involve federal returns, say experts and some taxpayers.

In some cases, the fraudulent state and federal filings include data apparently taken from TurboTax clients’ 2013 tax returns, according to state tax officials and taxpayers.

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