IRS update: The importance of MFA to protect your tax refund money

Keep updated with IRS tips and make use of all the possible ways to protect your identity, personal information and your tax refund money

IRS update: The importance of MFA to protect your tax refund money

IRS and MFA tips for taxpayers

The IRS (Internal Revenue Service) recommends using MFA. MFA stands for Multi-factor Authentication and it is advisable to implement it to protect your identity and tax refund money.

Not only can taxpayers suffer data theft, but also those tax professionals who have lots of client data. That is why the IRS has been fighting identity theft with ways to boost security immunity like MFA.

Use Multi-factor Authentication to protect your IRS data

Some people may also know Multi-factor Authentication as two-factor authentication. In fact, MFA lets tax professionals and taxpayers use another way to protect their accounts and information.

Usually, this two-factor authentication involves sending a security code to their mobile phones. In this way, only the person who has the phone can make use of this security code sent by text message.

On other occasions, it is not a security code. Sometimes taxpayers or tax pros need to make use of their fingerprint or PIN number. So, they will need their password and username, plus an extra security feature. Many banks already have these MFA methods to prevent unauthorized transactions.

IRS explains why MFA is useful

As a matter of fact, scammers may steal your username and password. However, it is unlikely they can access your IRS account without the additional multifactor feature. So, it is the best way to protect your tax refund money.

Do not forget that thieves want to steal data from tax professionals to claim tax refunds illegally. Fraudulent tax returns can cause a lot of distress among tax payers and tax professionals.

The IRS says that they are difficult to spot because they are using real information. Do not forget that MFA is not just necessary with Internal Revenue Accounts, but also with email products and cloud storage providers. So, it is time to get MFA with all the online tax software you may use.

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