IRS Flags Almost 2 Million Tax Returns in Anti-fraud Efforts

Tuesday, 20 Mar 2012 11:03 AM

 

Share:
  Comment  |
   Contact Us  |
  Print  
|  A   A  
  Copy Shortlink

The Internal Revenue Service has identified and started reviewing almost 2 million returns for possible fraud, Deputy Commissioner Steven Miller told a Senate subcommittee.

With almost a month remaining in the tax-filing season, that number “approaches the total” of returns identified in 2011, Miller said today. A primary cause of such fraud, Miller said, is identity theft.

“The IRS is confronted with the same challenges as every major financial institution in preventing and detecting identity theft,” he said. “We cannot stop all identity theft. However, we are better than we were and we will get better still.”

Last year, the IRS prevented $14 billion in fraudulent refunds from being issued, Miller said. The agency this year has added hundreds of employees to its anti-fraud efforts and implemented new filters that flag questionable returns.

Senator Bill Nelson said criminals have turned to tax fraud instead of stealing cars or dealing drugs, affecting honest taxpayers.

“Their lives are being turned upside down by identity theft and then tax fraud,” said Nelson, a Florida Democrat who chairs the Senate Finance subcommittee holding today’s hearing. “They have their tax refund stolen and then they are delayed when the IRS sorts out the mess.”

Nelson has introduced legislation that would impose tougher penalties and make it harder to gain access to the Social Security numbers of dead people.

Nelson’s bill is S. 1534.

© Copyright 2014 Bloomberg News. All rights reserved.

Share:
  Comment  |
   Contact Us  |
  Print  
  Copy Shortlink
Around the Web
Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Retype Email:
Country
Zip Code:
 
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
You May Also Like

Calif. Gov. Brown Takes Swipe At Perry Border Plan

Tuesday, 29 Jul 2014 06:46 AM

California Gov. Jerry Brown took a not-so-subtle dig at Texas' decision to deploy National Guard troops to the border, s . . .

Miss. Gov. Bryant: More Uninsured in State Due to Obamacare

Monday, 28 Jul 2014 21:13 PM

Mississippi Republican Gov. Phil Bryant blames Obamacare for the state's increase in the number of people without health . . .

Judge Rules Against LA Clippers' Sterling: Team Can Be Sold

Monday, 28 Jul 2014 21:08 PM

The record $2 billion sale of the Los Angeles Clippers to former Microsoft Corp. Chief Executive Officer Steve Ballmer i . . .

Most Commented

Newsmax, Moneynews, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, NewsmaxWorld, NewsmaxHealth, are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved