To Fight $5.2B In Identity Theft, IRS May Need To Change the Way You File Taxes

Posted by Soulskill on Tuesday September 23, 2014 @06:27AM from the your-tax-dollars-at-work dept.

coondoggie writes: Based on preliminary analysis, the Internal Revenue Service (IRS) estimates it paid $5.2 billion in fraudulent identity theft refunds in filing season 2013 while preventing an additional $24.2 billion (based on what it could detect). As a result, the IRS needs to implement changes (PDF) in a system that apparently can't begin verifying refund information until July, months after the tax deadline. Such changes could impact legitimate taxpayers by delaying refunds, extending tax season and likely adding costs to the IRS.

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Re:Corporate taxes by jedidiah · 2014-09-23 07:06 · Score: 1, Flamebait

If you are whining about US taxation rates you are clearly a poser that has never had any actual experience with this stuff. The US tax code specifically panders to corporations. The nominal rates are a pure fiction to distract ignorant RV dwelling GOP supporters.

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A Pirate and a Puritan look the same on a balance sheet.