Planned Giving

Make an impact and ensure The Associated's future viability and strength by leaving us a bequest in your will or living trust.

Bequest Language

Suzanne F. Cohen
An arts enthusiast, Suzanne is thoughtful about her philanthropic decisions. The Nathan L. and Suzanne F. Cohen Philanthropic Fund supports The Associated's Annual Campaign and emergent Jewish issues while the Cohen Opportunity Fund creates access to opportunities in underserved communities.
Learn More

Dixie and Neil Leikach
Dixie and Neil Leikach are both committed Associated leaders with the Baltimore-Ashkelon Partnership Committee.
Learn More

Liz and Donni Engelhart
As donor-advised Impact fund holders, the Engelharts established a fund that allows young donors to contribute over a 5 year period.
Learn More


VIEW MORE

Text Resize
Print
Email
Subsribe to RSS Feed

Tuesday May 23, 2017

Washington News

Washington Hotline

46% Reduction in IRS Identity Theft Reports

On May 18, IRS Commissioner John Koskinen spoke to the Council for Electronic Revenue Communication Advancement (CERCA). He called the 2017 filing season "the smoothest filing season since I became Commissioner."

By May of 2017, the IRS received 139 million returns. Over 152 million are expected by the October 16 tax extension filing date. The IRS issued 101 million refunds, with an average payout of approximately $2,800.

Koskinen thanked the CERCA members for helping to support the IRS Security Summit. With the help of companies that provide tax-filing software and services, there has been major progress in "efforts to combat stolen identity refund fraud and protect taxpayer data."

In Koskinen's view, the new safeguards produced "stunning results." There was a major decrease in fraudulent returns and bad refunds.

The number of taxpayers who reported identity theft crimes declined dramatically. There were 698,700 reports in 2015 and only 376,500 in 2016. This reduction reflects IRS success in "stopping criminals from filing false returns using someone else's personal information."

In the future, a combination of the support from CERCA members and the new Identity Theft Tax Refund Fraud Informaiton Sharing and Analysis Center (ISAC) will be critical to reducing fraud and identity theft.

Editor's Note: The IRS has made major progress in reducing tax fraud and identity theft. Because the thieves are creative and continue to develop new strategies, it will still be important for CERCA and the IRS to educate and alert taxpayers about the latest tax fraud methods.

Published May 19, 2017
Print
Email
Subsribe to RSS Feed

Previous Articles

Protecting Your Financial and Tax Records

House Sends American Health Care Act to Senate

White House Releases Tax Reform Plan

April 23 is Tax Freedom Day

Tax Deadline Tips

scriptsknown

Harry Greenstein Legacy Society

If you have already made plans to remember The Associated in your estate plans, we invite you to join The Harry Greenstein Legacy Society so we may acknowledge your thoughtfulness and generosity.
Read More