Identity theft-related tax refund fraud continues to rise.
Federal and state governments lose billions of dollars each year in payments tied to fraudulent returns. LexisNexis® Risk Solutions leverages a master identity repository with over 400 million records to help tax agencies authenticate identities and screen tax refund requests before payment is made. Focusing on prevention, versus a pay-and-chase approach, reduces fraud and helps ensure legitimate taxpayers get their refunds.
LexisNexis Delivers
Multiple Data Sources
Leverages billions of identity records for a comprehensive picture of taxpayers to help verify trusted taxpayers and flag suspicious refunds.
Nationwide View
Breaks down data silos providing access to public records across states, jurisdictions and agencies.
Data Cleansing
Continually updates, enhances and validates in-agency and self-reported data by verifying information against billions of public records.
Multiple Identity Authentication
Validates identities and weeds out fraudulent returns using a multi-layered process to ensure accuracy.
Analytic Dashboard Displays
Aggregates data with visual analytics, making it easier to identify patterns and prioritize investigative workflow, saving valuable time and resources.
Advanced Linking Technology
Cross-references data from disparate sources to resolve identities; expose connections between people, businesses and assets; and detect fraudulent returns.
Achieve These Results
Prevent Tax Refund Fraud
Identify fraudulent returns before issuing tax refunds, as opposed to the more costly pay-and-chase approach.
Authenticate and Protect Taxpayers
Verify that the individual filing the tax return and requesting a refund is the real individual entitled to the refund.
Preserve Tax Revenue
Avoid delaying refund payments and potentially having to pay refunds twice by ensuring refunds only go to trusted taxpayers.
Uncover Revenue Sources
Boost revenue by eliminating improper payments to fraudsters, including those using identities of deceased, incarcerated, non-existent or synthetic individuals.
Increase Operational Efficiency
Prioritize audits to maximize resources, identify potential fraud quickly and resolve investigations.