Tax Refund Identity Fraud

Enformion for Tax Refund Identity Fraud Prevention

Tax refunds can be an important part of many people’s budget every year. Use Enformion to make sure that the right information has been provided–and the right refund issued.

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How Enformion Can Mitigate Tax Refund Identity Fraud

During the year, most businesses automatically withdraw tax amounts from individuals’ paychecks to cover taxes. However, any person’s required tax payments may be less than the amount withdrawn, which will lead to a tax refund.

This refund could be many thousands of dollars, which means it’s tempting for people to claim that they’re someone to receive that individual’s tax information and tax refund. To combat tax refund identity fraud, here’s how you can use Enformion’s vast array of tools.

Enformion Refund Fraud and Identity Theft

It is much easier to prevent tax refund fraud on the front end than it is to pay the refund and chase the money later. Enformion’s API and batch file services provide identity, telephone number and address verifications, and recently-deceased taxpayer audits.

Right Person Refund

Refund fraud is usually a category of identity theft, impersonating a filer with false income information to obtain a refund. The offender cannot risk future detection by having the refund deposited to a bank account in their name, but printed checks to an address they control or can intercept mail from are preferred.

Enformion’s Identity Management can verify recent addresses for an associated Social Security Number, and reverse-lookup occupants of a specified address.

Social Media Search

The growing conversation in the nation’s revenue agencies is about using social media and other open-source data sources when evaluating tax returns for individuals and businesses.

For example, how many followers does a restaurant have on a social media site? Are they talking about how many sales they have had, or about the line around the block? Does the business owner appear to have a lifestyle that is inconsistent with their reported level of income?

Who Can Benefit?

Civil enforcement agencies should consider the Enformion Civil Enforcement product. ECE was explicitly designed with the features and databases to execute the regulatory mission, quickly and efficiently, from a single interface.

Tax and Revenue agencies should consider Enformion for Civil Enforcement with batch and API data processing, packaged with our Social Media Search and Reporting package.

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Call us at 1-855-281-3915, or via online today.