DENVER (CBS4)– Turbo Tax has stopped processing Colorado tax returns because of fraudulent filings.
The popular do-it-yourself tax preparation software is responding to an increase in filings that are using stolen personal information, including Colorado.READ MORE: Snow, Rain A Welcome Sight In Colorado But Drought Still A Big Problem
Intuit, the company behind Turbo Tax, said most victims found out that a fraudulent tax return was filed in their name after receiving a rejection notice after filing their returns.
The Colorado Department of Revenue is working with other states and the tax software industry. They are also monitoring income tax filing to ensure that the taxpayer receives the proper refund.
The Department of Revenue’s online e-file tax service, Revenue Online, and tax accounting systems have not been compromised.READ MORE: Colorado Community Uses 'The Social Dilemma' To Ignite Conversation About Unity, Change
There haven’t been issues with federal returns because the Internal Revenue Service has implemented stronger fraud protection.
Turbo Tax is working with security company Palantir to investigate the problem.
So far, Intuit said there was no security breach of its systems. Instead, it believes personal information was stolen elsewhere and used to file returns on TurboTax.
Colorado taxpayers may verify the current status of their state income tax return and refund by going to www.colorado.gov/revenueonline. Click on “Where’s My Refund?”MORE NEWS: COVID In Denver: Vaccine Focus Continues In Underserved Communities
Turbo Tax gave no indication about when they may resume processing state income tax returns.