Employers be alert: W-2 Scam

IRS explains Identity theft is a serious threat to business, partnership, estate and trust filers. Thieves may steal sensitive information to file a fraudulent tax return for a refund or to commit other crimes. All taxpayers must be alert and on guard at all times. It is important to take strong security measures to protect your business’ and your employees’ data. Visit the IRS website to learn more about Identity Theft for Businesses

Employers are urged to put protocols in place for the sharing of sensitive employee information such as Forms W-2. The W-2 scam is just one of several new variations that focus on the large-scale thefts of sensitive tax information from tax preparers, businesses and payroll companies.

As always, should you have any questions or concerns regarding your tax situation please feel free to contact us.

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