With the New Year comes tax season. As tax payers prepare and submit their returns the IRS is dedicated to processing returns and issuing refunds – for the most part – electronically. But, every year the public is warned to be on the lookout for fraud, including stolen identities, phishing and abusive tax preparers. The IRS works closely with the payments industry to make parties aware of these schemes and relies on financial institutions to help educate the public. Members hear directly from the IRS on what they are seeing and how the industry can work together to help combat fraud.