S., but a spokesman said the same problems couldn't happen here because the tax-filing model is different.There have been no cases here of similar fraud, he said. Fraudsters are able to get into the accounts of people who file their taxes electronically by buying names, addresses and other personal information from other cybercriminals, said company spokeswoman Julie Miller. S., tax fraud is on the rise." She said Turbo Tax itself has not been hacked and it has robust encryption and security in place, similar to that used by banks.Nerd Wallet offers objective advice to help people understand their options and make the best possible decisions.The guidance we offer and info we provide are deeply researched, objective and independent.“We take very seriously our responsibility to protect the personal information of Utah taxpayers,” said John Valentine, Chairman of the Utah Tax Commission.“Our systems have not been compromised but we feel it is our responsibility to alert taxpayers who have potentially had their personal information compromised by a third-party tax preparation service, so they can take the necessary steps to protect themselves.” According to Forbes, at least 18 states have reported an uptick in fraudulent activity.Weve identified specific patterns of behavior where fraud is more likely to occur.
She gave the example of prominent hacks of credit cards at Target and Home Depot, where information was stolen and sold online. For example, a mailing address on file for a taxpayer at the CRA cannot be changed through a Turbo Tax file, so a refund cannot be redirected. Intuit, the company behind the popular tax preparation software, says the same thing couldn't happen in Canada.The Canada Revenue Agency confirmed it is aware of problems with Turbo Tax filings in the U.The hackers may be able to get into accounts because the password is too simple – such as 1234 – or because it is based on personal information, such as child's name or your birthday. Intuit said it took a precautionary step Thursday of temporarily pausing its transmission of state e-filing tax returns for some state agencies while it investigated the problem with a security expert. You can trust that we maintain strict editorial integrity in our writing and assessments; however, we receive compensation when you click on links to products from our partners and get approved. Turbo Tax stands out for how easy it is to use and its intuitive design and flow.