IRS Pays Out Billions in Fraudulent Refunds Tax Scams … Next Up Obamacare

 

That’s Billions with a B …

The IRS has paid out billions of dollars in fraudulent returns from tax scams. What, this from the folks that are so good at harassing individuals struggling to make ends meet these days? It would seem that they are good at persecuting the folks who have difficulty trying to figure out the complex tax code, but not with criminals. The scams were so bad and obvious that one  address in Lansing, Michigan was the source of an astonishing 2,137 tax returns, and to which the IRS directed more than $3.3 million in potentially fraudulent refunds. HOW IS THAT POSSIBLE? Do they not have a simple database that would red flag such things? After all these years, how could the IRS be that clueless in preventing fraud and wasting hard earned American tax dollars?

The IRS is paying out billions of dollars in fraudulent tax refunds to identity thieves; a problem that the tax service’s inspector general told CNBC is a “growing problem” involving numbers that are increasing “exponentially.”

In a new report to be issued Thursday, the inspector general for the IRS says that tax thieves are stealing the identities of taxpayers and then filing bogus returns on their behalf and collecting fraudulent refunds as a result.

The inspector general estimates that the IRS could issue as much as $21 billion in fraudulent tax refunds over the next five years.

Let’s face it, the IRS is obviously not doing enough to prevent fraud at its inception. Once the money goes out the door in a scheme like this, the monies are then funneled offshore and gone forever. I guess the IRS agents are too busy gearing up to enforce Obamacare.

Posted August 3, 2012 by
Crime, Government, IRS, WTF | 2 comments


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  • Comments

    2 Responses to “IRS Pays Out Billions in Fraudulent Refunds Tax Scams … Next Up Obamacare”

    1. A Texas Grandfather on August 3rd, 2012 11:53 am

      When the rules and regulations exceed one hundred pages, then there will be loopholes for thiefs to exploit.

      Our tax code has become so complex that no single person could read and understand all of it. Seventy thousand pages is impossible to manage and we will see the same happening with the Affordable Care Act with its initial ten thousand pages and more to come.

      How much fraud and waste exists in our existing Medicare system? We could perhaps recover several billion dollars of taxpayer funds if all the graft and waste were eliminated.

      Government should never have engaged in making laws regarding social welfare. Its job is to protect the people, not regulate everything in commerce or provide redistribution of the peoples wealth and earnings.

    2. NGBoston on August 4th, 2012 12:57 pm

      and ObamaCare is also fraudulent and most of it is Unconstitutional as well.

      IMOO

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