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 schneidafunk · 2014-09-23 06:39 · Score: 1, Troll

Fair enough. As an additional note, according to this article it is costing the U.S. $337 billion dollars!
http://www.theguardian.com/new...

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