Tax Refund Investigative Solution

For government agencies to find fraud before it happens, they must be able to access records across city, county, and state boundaries. With LexisNexis Tax Refund Investigative Solution, agencies can now access billions of public record sources to establish identity-based filters, rather than only depending on the rules and records maintained by the agency. These additional filters provide a comprehensive picture or legacy view of the taxpayer's identity in order to help detect fraud.

Our proven solution, used by several states including Indiana and Alabama, has shown successful results. By leveraging the Tax Refund Investigative Solution (TRIS), states have been able to increase their operational efficiencies and effectiveness within their programs and preserve revenue for their jurisdictions. Indiana is one of the states that has been using this approach and has seen a dramatic decrease in the amount of fraud it needs to block (i.e., $42M in refunds blocked for calendar year 2014). The state attributes the decrease to its advanced detection capabilities through its internal rules bundled with the LexisNexis solution, as well as the fact that fraudsters are now filing in other states because they know Indiana is doing such a great job fighting fraud.

The LexisNexis Tax Refund Investigative Solution is a powerful yet simple way for agencies to screen and verify tax refund requests by leveraging identity-based filters to help uncover areas that rules-based filters cannot do alone.

Detect Tax Fraud and Boost Revenue vs. Lose Revenue and Raise Taxes

Tax Refund fraud methods and schemes are plentiful and diverse. Fraudsters may steal or create a Social Security Number (SSN), falsify W-2 information or fraudulently apply for a tax refund. Once individuals commit fraud, there is a high probability that they will try to do it again and again. Unfortunately, the criminals usually get away with tax refund fraud because most government agencies:

• Do not have access to the resources necessary to investigate,
• Do not leverage the necessary data to detect fraudulent requests;
• Are concerned that due diligence and fraud prevention tools would delay the issuing of the refund checks.

Over time the cost of tax refund fraud can add up to millions of dollars in lost revenue and result in tax increases that law-abiding residents have to pay. LexisNexis Tax Refund Investigative Solution helps federal and state governments to detect fraud and boost revenue by potentially millions of dollars, by identifying fraudsters, rather than raising taxes.

Get it now: for more information about Tax Refund Investigative Solution, please call (866) 528-0778.

Cases of taxpayer identity theft continue to be a growing concern. This disconcerting trend not only hurts the citizen, whose information and refund has been stolen—it diverts resources away from serving citizens. Federal, state and local employees expend valuable time working with citizens to resolve the issue and recoup the refund.

LexisNexis Tax Refund Investigative Solution is a powerful yet simple way for government tax agencies to screen and verify refund requests and prevent the issuing of checks for fraudulent claims.

LexisNexis Tax Refund Investigative Solution quickly screens tax refund requests against billions of current LexisNexis® identity records collected from thousands of accurate and reliable sources. Our proven identity authentication tools confirm that submitted refund data is valid and use advanced linking and analytics capabilities to verify that the various data pieces are accurate.

The agency has the option to select an identity authentication process or processes to fit their needs and help minimize taxpayer frustrations, such as one-time-password or a knowledge-based authentication quiz that may request highly personalized information that only the taxpayer should know. The multi-layered authentication approach is designed to give the agency flexibility, while making it virtually impossible for fraudsters to get through the tax system.

LexisNexis uses common fraud indicators to flag and stop potential fraudulent issuance of refund checks by leveraging the LexisNexis identity data repository that contains over 98% of the adult population. This identity information not only improves your visibility across state lines—but greatly increases your chances of discovering fraudsters, non-filers and under-reporters.

LexisNexis Tax Refund Investigative Solution also comes with an integrated analytics application which provides agencies with a financial dashboard and investigative intelligence platform. This application provides agencies the high-level executive performance view behind the solution and the investigative view to help agency’s prioritize their investigations and optimize resources, while at the same time exposing large-scale fraud rings.

Dedicated LexisNexis® Revenue Discovery Solution Analysts are specialists in tax fraud detection and prevention strategies, so you’re assured of solutions best suited to fit your agency’s needs. From custom solution development through implementation and beyond, your solution consultant is at your side. And knowing you have the right solution –right out of the gate–instills confidence in your identity-theft related tax fraud detection and prevention strategies. Read more about the benefits of our Revenue Discovery Solution.

Get it now: for more information about Tax Refund Investigative Solution, please call (866) 528-0778.

Literature

1. LexisNexis® Tax Refund Investigative Solution
2. The Power of Public Records: Prevent Tax Refund Fraud and Boost Tax Revenue