How Retailers Can Protect Themselves From Tax Scams

It's high season for tax scams as we near Tax Day on April 15, and retailers, like everyone else, are in danger of becoming a victim to fraudsters. In fact, with large staffs that may be untrained on what to look for or be aware of when it comes to scams, retailers are particularly vulnerable. Revenue loss from tax fraud and schemes costs the federal government hundreds of millions of dollars each year, but it also affects corporations and institutions. Tax season offers a way in for criminals posing as the IRS or other government agencies, who then, with sensitive information in hand, are able to steal data or employee personal information.