Federal Tax, Tax

Business Owners: Learn the Signs of Identity Theft

Heads up, business owners! Identity theft is a serious threat that can shut down your company, possibly forever. Among the signs that business identity theft has occurred: A business can’t file a tax return (because a return has already been filed using its ID number); a request for a routine extension is rejected; and tax transcripts obtained by the business don’t match its tax returns. To prevent problems, business owners should install anti-malware, anti-virus software and employ firewalls. Use multi-factor authentication, encrypt and backup sensitive files and limit personnel that have access to these files. Contact us with questions about protecting your business from identity theft. © 2023