.png)
Tax-related identity theft has become a growing problem, with many taxpayers facing serious delays when trying to resolve issues caused by fraudsters. In fact, the IRS is struggling to manage these cases, with some taking nearly two years to resolve. As frustrating as this situation is, there is a solution that may help protect your financial identity before things escalate: TaxNow.
Every year, identity thieves steal personal information and use it to file fraudulent tax returns, claiming refunds they aren't entitled to. This growing issue is impacting hundreds of thousands of taxpayers who find themselves caught up in a lengthy and complicated process to resolve the mess created by these criminals. According to the National Taxpayer Advocate’s 2024 Annual Reports to Congress, the IRS is overwhelmed, and victims are facing unprecedented delays in getting their refunds and having their tax records corrected.
In 2024, it was revealed that victims of tax-related identity theft are facing delays of up to 676 days (that's over 22 months) for their cases to be processed. These delays are exacerbated by outdated IRS practices and a lack of prioritization of these cases, leaving taxpayers stuck in a financial limbo that could have serious consequences. Furthermore, tax refund theft is often only the tip of the iceberg and, by the time it has been uncovered, a fraudster has caused even more harm (e.g., stolen identity, opened credit cards, etc.).
In most tax-related identity theft situations, a taxpayer does not become aware that a fraudulent return has been filed until their valid return is rejected by the IRS. In some cases, this can be months after a fraudster has stolen their refund. This is where TaxNow comes in. As a proactive service designed to monitor your IRS tax data, TaxNow offers 24/7 monitoring, alerting you to any suspicious activity on your account in real time.
With real-time alerts, you’ll immediately be notified if there are any changes to your tax data, such as a new return filed or changes to your account details. This allows you to take swift action to resolve potential issues before they snowball into bigger problems, including the IRS delays and financial setbacks that are all too common for victims of identity theft.
While the IRS is actively working to address the increasing issue of tax-related identity theft, many taxpayers still face delays in resolving their tax matters. Instead of waiting for a resolution, you can take proactive steps to protect your financial security today.
With TaxNow’s real-time monitoring service, you can stay ahead of potential fraud and quickly address any issues with your IRS tax data. This proactive approach allows you to resolve concerns swiftly, minimizing any disruptions to your financial future.
Don’t leave your tax security to chance. Sign up for TaxNow today and enjoy peace of mind knowing your tax data is being monitored 24/7, helping you stay on top of any changes that could impact your financial well-being.
