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IRS Paid $5.2 Billion in Fraudulent Refunds
jd50ae
Posts: 7,900 ✭✭✭✭✭
We had the gall to live where an F3 tornado was going to hit. We lost everything but the clothes we were wearing and the IRS says we owe them $370,000.00 dollars. And then I read this.....something is very wrong.
BY SUSAN FERRECHIO, The Washington Examiner
The IRS paid $5.2 billion in fraudulent identity theft refunds last year, a Government Accountability Office analysis has revealed.
In a report issued Monday, the GAO said the IRS stopped $24.2 billion in theft, but the extent of the fraud is unknown.
The 50-page report came with a set of recommendations for reducing fraud, including allowing the IRS to send more refunds electronically and consider shifting W-2 filing deadlines.
The report was compiled by the GAO at the request of the Senate Finance Committee and House Ways and Means Committee.
Senate lawmakers Monday said the report signals that the agency is in need of serious reform in order to protect taxpayers from security breaches and rampant fraud.
The American people should be able to trust the IRS to protect their identities, preserve their privacy, and ensure their hard-earned money isnt being carelessly flushed down the drain. Sadly, thats not the case, Sen. Orrin Hatch, the top Republican on the Senate Finance Committee said in response to the report.
House Ways and Means Committee Chairman Dave Camp, R-Mich., pointed to one case where the IRS sent $3.3 million in refunds to a single address.
BY SUSAN FERRECHIO, The Washington Examiner
The IRS paid $5.2 billion in fraudulent identity theft refunds last year, a Government Accountability Office analysis has revealed.
In a report issued Monday, the GAO said the IRS stopped $24.2 billion in theft, but the extent of the fraud is unknown.
The 50-page report came with a set of recommendations for reducing fraud, including allowing the IRS to send more refunds electronically and consider shifting W-2 filing deadlines.
The report was compiled by the GAO at the request of the Senate Finance Committee and House Ways and Means Committee.
Senate lawmakers Monday said the report signals that the agency is in need of serious reform in order to protect taxpayers from security breaches and rampant fraud.
The American people should be able to trust the IRS to protect their identities, preserve their privacy, and ensure their hard-earned money isnt being carelessly flushed down the drain. Sadly, thats not the case, Sen. Orrin Hatch, the top Republican on the Senate Finance Committee said in response to the report.
House Ways and Means Committee Chairman Dave Camp, R-Mich., pointed to one case where the IRS sent $3.3 million in refunds to a single address.
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