The Fight Against Fraud: Solving a $5 Billion Tax Challenge

The vast majority of Americans work hard and do their best to be compliant taxpayers. Yet over $5 billion is lost each year as a result of improper payments and criminal fraud. Industry-generated data can contribute to reducing the burden on taxpayers and, in turn, lowering the number of erroneous returns–but incorporating authenticated data into system-wide practices poses significant challenges. The Atlantic discussed pressing concerns in our tax system and took a closer look into potential data-driven solutions.