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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)
  • 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
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