Business identity theft patterns are constantly evolving, and the IRS continues to expand its efforts to combat the problem.
The IRS broadly defines business identity theft as creating, using or attempting to use a business's identifying information, without authority, to obtain tax benefits. Business taxpayers are often unaware of their stolen identities until they receive a notice or bill from the IRS.
A common type of tax-related identity theft is a fraudulent business return filed to receive refundable credits or to help perpetuate individual identity theft. This scheme may include a number of IRS forms.
For a list of notice-related (and non-notice) business identity theft indicators, click here.