The IRS may have been defrauded of billions of dollars in a long-running scheme that uses the...


The IRS may have been defrauded of billions of dollars in a long-running scheme that uses the stolen IDs of Puerto Rican citizens - who don't have to pay income tax - to file fake returns, the WSJ reports. The Feds are struggling to tackle the scam but have prevented false disbursements and achieved convictions, including that of a certified fraud examiner.

Comments (1)
  • Poor Texan
    , contributor
    Comments (3527) | Send Message
     
    And we wanted to dump the enforcement of Obamacare on this overextended agency? Fraudulent refund claims aren't publicized because doing so just explains the weakness in the system and encourages more fraud. And the auditors have to deal with rules that change from year to year. I knew some really good auditors and I met some real duds in my 39 years in corporate taxation. The code is too complex for many of the IRS auditors.
    30 Mar 2012, 11:19 AM Reply Like
DJIA (DIA) S&P 500 (SPY)
ETF Hub
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs