Prof. Lee Knight offers advice to protect taxpayers against scams and fraud

3.14.2017 Accounting, Article, Faculty News, General

A story on tax scams and fraud prevention quotes Lee Knight, Hylton professor of accountancy at the School. Knight offers advice for consumers to protect themselves, saying:

“The number one cause of tax fraud is identity theft, which occurs when someone uses a taxpayer’s personal information – name, address, social security number, and other identifying information – to file a phony tax return for a refund.”

Knight suggests consumers:

  1. Protect personal information.
  2. Check bank statements and credit reports for inaccuracies.
  3. Check the credentials of your tax preparer.
  4. Do not sign your tax return without reviewing it.

Read the full story at WalletHub.