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The IRS failed to stop the issuance of billions of dollars in fraudulent tax refunds in 2010 to...

The IRS failed to stop the issuance of billions of dollars in fraudulent tax refunds in 2010 to thieves who stole taxpayers' identities, reports the agency's watchdog. If the IRS doesn't do a better job of catching improper refunds, up to $26B could be refunded to identity thieves in the next five years.
Comments (7)
  • bbro
    , contributor
    Comments (9327) | Send Message
     
    Maybe these thieves wlll spend it and put it back into the economy...
    9 May 2012, 03:37 AM Reply Like
  • Ray Lopez
    , contributor
    Comments (1508) | Send Message
     
    The news story is disputed by the IRS itself...they claim the number is less. All spin.
    9 May 2012, 03:41 AM Reply Like
  • mrdirt
    , contributor
    Comments (417) | Send Message
     
    And the IRS will be in charge of enforcing Obamacare (if it goes into effect).
    9 May 2012, 06:35 AM Reply Like
  • youngman442002
    , contributor
    Comments (5131) | Send Message
     
    Put VSA In charge of it..Could could figure it out in a millisecond..Seriously... you canĀ“t track a social security number across all the government agencies,,,,????
    9 May 2012, 06:57 AM Reply Like
  • 867046
    , contributor
    Comments (398) | Send Message
     
    As a stunned Ezra Klein of the Washington Post summed up the GOP's penny-wise, pound-foolish spending cuts" in March (2011):
    ( In April 2011, Congressional Republicans extracted $600 million in cuts from the IRS in return for a spending deal with President Obama, reductions which at the time were forecast to cost the Treasury $4 billion in lost revenue. Now, the annual report to Congress from the National Taxpayer Advocate shows, "IRS is not adequately funded to serve taxpayers or collect revenue.")

     

    "Converting dollar bills into $10 bills is an excellent way to pay off your credit card. Except, it seems, if you're a House Republican...

     

    As the Associated Press reported, "every dollar the Internal Revenue Service spends for audits, liens and seizing property from tax cheats brings in more than $10, a rate of return so good the Obama administration wants to boost the agency's budget." It's an easy way to reduce the deficit: You don't have to cut heating oil for the poor or Pell grants for students. You just have to make people pay what they owe."

     

    Now, just nine months after Jonathan Cohn highlighted the Republicans' "pro-tax evasion, pro-deficits" position, National Taxpayer Advocate Nina E. Olson confirmed the trend underway for years continues to worsen. "Inadequate funding," the agency web site reported, "means the IRS cannot adequately pursue unpaid tax liabilities":
    9 May 2012, 07:32 AM Reply Like
  • Poor Texan
    , contributor
    Comments (3529) | Send Message
     
    "Inadequate funding," the agency web site reported, "means the IRS cannot adequately pursue unpaid tax liabilities"

     

    What does this have to do with the story of the I.R.S. freely giving refunds to identity thieves and, in another story, a hugh amount of fraudulent child tax credits. Maybe the goal is to have the I.R.S. prepare every return so there will be no Turbo-Timmy 'mistakes'. The problem is with the operational systems, not the enforcement. And as far as each audit dollar bringing in ten, when you expand the audit universe you run into the law of diminishing returns.
    9 May 2012, 06:06 PM Reply Like
  • youngman442002
    , contributor
    Comments (5131) | Send Message
     
    This is a simple computer software item....very simple...they do not do it because they will find the problems.....same thing with illegal's...they could find all the illegal's using others social security numbers....within a millisecond...they do not do it..because they will find the duplicates...millions of them....
    9 May 2012, 08:22 AM Reply Like
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