Small businesses should be on-guard against a growing wave of identity theft and W-2 scams. Employers hold sensitive tax data on their employees - such as Form W-2 data - which is highly valued by identity thieves.
All employers are targets for the W-2 scam. This scheme has become one of the more dangerous email scams. Here's how it works:
This scam is such a threat to taxpayers that a special IRS reporting process has been established. Here's an abbreviated list of how a business should report these schemes. They should:
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