Even if you aren’t personally a victim of identity theft, as a CPA you still bear the burden of combatting it on behalf of your clients. More often than not, for tax practitioners, the big cost is your time.
Recently, to help combat thieves, the IRS implemented various authentication measures, which emerged from the Security Summit. While many of these measures may not be noticed, some are quite visible. One measure, two-factor authentication for e-Services, has already prompted comments and complaints and another, the optional W-2 pilot program, is not being used much by practitioners and I suspect time has a lot to do with that too.