According to the results of a survey released today by privacy certification and education organization, TrustE, the threat of identity theft is a key concern for those US citizens who choose to submit paper tax returns rather than file online.
The survey of 2,400 internet users conducted in the run-up to the US tax filing deadline revealed that e-filing is on the increase, with 30% of those questioned announcing their intention to file their tax returns online this year, and 55% predicting that they would do so next year.
However, 18% of those polled explained to TrustE that fear of sending sensitive financial information over the internet kept them from e-filing, with 14% specifically citing indentity theft as a concern.
Although it has been suggested that online tax preparation could present a potential fraud risk, internet-based tax preparation and online filing services have refuted this, arguing that the security technologies that they employ are of the highest standard.
Speaking to Internetnews.com, a spokesman for H&R Block confirmed this, announcing that:
"We use the highest level encryption and security precautions. Our security measures are comparable to those used in online banking and trading activity."
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