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A taxpayer's annual refund is a big prize that fraudsters are eager to steal. Many new risks are being introduced by new technology, but there are cross-industry efforts to combat these new schemes and make sure each refund gets to the proper household.
Problems with Prepaid
Many of the major tax refund scams the IRS catches involve prepaid cards. In one recent example, a crime ring responsible for $10 million in fraudulent refund claims directed much of that sum onto prepaid cards.