Intuit Comments on Productive Security Summit Led by the IRS
March 19 2015 - 03:08PM
Business Wire
Intuit Inc. (Nasdaq:INTU) President and Chief Executive Officer
Brad Smith issued the following statement at the conclusion of
today’s industry summit meeting with the Internal Revenue Service
and states to discuss solutions for addressing the critical issues
of identity theft and cyberfraud.
“Commissioner Koskinen and the IRS convened a critically
important forum for the federal government, states and industry to
come together and discuss solutions to the growing problem of
identity theft and cyberfraud. We thank the commissioner for his
leadership on this important topic.
“Left unaddressed, these issues have the potential to undermine
the integrity of the United States tax system and the improvements
in tax administration that have come with electronic filing. Given
the constantly evolving methods that global fraudsters use, we
recognize that in order to combat this threat, industry and
government must work together to continuously accelerate and
strengthen the counter-measures and strategies we deploy.
“At Intuit, we are passionate about keeping our customers safe
and supporting the integrity of the tax system. We’ve been a
long-standing and outspoken advocate for information sharing
between the government and industry. We remain committed to working
with both federal and state governments to take action and build on
the success of today’s summit. The work of this group is a top
priority, and we will commit our people, expertise, and resources
to ensure its success.
“As fraudsters have become more sophisticated, we have taken
significant steps to address the fast-evolving threat to the
security of our nation’s tax system. Over the weeks and months
ahead, we look forward to partnering with leaders in government and
industry to develop a mutually agreed upon action plan which can be
implemented as quickly as possible.
“Among the recommendations we hope will be addressed
include:
- Establishing an Information Sharing and
Analysis Center to exchange best practices and the sharing of
information securely and anonymously;
- Adopting the recommendation of the
American Coalition for Taxpayer Rights, or ACTR, for a Gold Star
Tax Return, increasing industry identification of known, trusted
customers, with returns populated with validated financial
data;
- Adopting industrywide ‘know your
customer’ authentication standards;
- Adopting ACTR recommendations around
modernizing and strengthening the government’s e-file gateway;
- Adopting ACTR recommendations around
regulating tax preparers, including ‘ghost preparers’;
- Working to prevent fraud through a
public awareness campaign aimed at improving consumer
knowledge
“Tackling these shared threats must be our collective number one
priority – the public interest, and the interests of the taxpayer,
surely demand no less than our mutual full commitment and
dedication.”
About Intuit Inc.
Intuit Inc. creates business and financial management solutions
that simplify the business of life for small businesses, consumers
and accounting professionals.
Its flagship products and services
include QuickBooks®, Quicken® and TurboTax®, which
make it easier to manage small
businesses and payroll processing, personal finance,
and tax preparation and filing. Mint.com provides a
fresh, easy and intelligent way for people to manage their money,
while Demandforce® offers marketing and communication tools
for small businesses. ProSeries® and Lacerte® are
Intuit's leading tax preparation offerings for professional
accountants.
Founded in 1983, Intuit had revenue of $4.5 billion in its
fiscal year 2014. The company has approximately 8,000 employees
with major offices in the United States, Canada,
the United Kingdom, India and other locations. More
information can be found at www.intuit.com.
Intuit Inc.Diane Carlini,
650-944-6251Diane_Carlini@intuit.comorIntuit Inc.Julie Miller,
858-215-8469Julie_Miller@intuit.com
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