Federal Tax, Tax

Business Owners: Be Aware of Potential Identity Theft

The IRS is warning businesses that they’re prime targets for identity theft. How do you know if your company’s identity has been stolen? According to the IRS, you should investigate if you receive a: 1) rejection notice for an electronically filed tax return because a return is already on file, 2) notice about a return you didn’t file, 3) notice about Forms W-2 filed with the Social Security Administration that you didn’t file, or 4) notice of a balance due that you don’t owe. If you think your business is a victim of tax identity theft, contact us to file Form 14039-B. However, the IRS is likely to spot a scam before you do and notify you via letter with instructions on how to proceed. Contact the Cg Team if you need help identifying if you’re a target. © 2022