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Is Your Online Tax-Prep Service Secure?

February 29, 2016

It’s no secret that the information in your tax return is pure gold for identity thieves, who can use it to obtain bogus tax refunds or simply steal your identity for non-tax-related nefarious profits.

Unfortunately, it’s all too easy for some thieves to get your tax return information. As many as 70% of all taxpayers are eligible to use Free File, according to the IRS. This is a no-cost electronic tax-return preparation and filing option offered by more than a dozen private companies in concert with the IRS. But in February 2016 almost half of these free-file providers were found wanting when it came to security.

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