IRS missing billions in ID theft
So, there's $6.5 billion in fraud that we know of, with the potential for at least double that we have yet to find out about. In one case, they found over two thousand returns from the very same address; in another they deposited hundreds of refunds into a single bank account. I wonder how many of those fraudulent refunds were filed by people in the country illegally? Or by groups working inside the United States as enemies of the state?WASHINGTON (AP) — The Internal Revenue Service may have delivered more than $5 billion in refund checks to identity thieves who filed fraudulent tax returns for 2011, Treasury Department investigators said Thursday. They estimate another $21 billion could make its way to ID thieves' pockets over the next five years.
The IRS is detecting far fewer fraudulent tax refund claims than actually occur, according to a government audit that warned the widespread problem could undermine public trust in the U.S. tax system. Although the IRS detected about 940,000 fraudulent returns for last year claiming $6.5 billion in refunds, there were potentially another 1.5 million undetected cases of thieves seeking refunds after assuming the identity of a dead person, child or someone else who normally wouldn't file a tax return.
Now, let's take a poll. The IRS has been caught being grossly incompetent. Amateurish errors are rewarded with refunds, with what appears to be little-to-no oversight nor punishment of agents who failed in their jobs (I'm assuming that someone is tasked with checking to make sure that multiple refunds being deposited in the same bank account are at least investigated...) What do you suppose is the response from the IRS? Do you think they:
A) Issued an apology to the American public for so grossly wasting taxpayer money;
B) Fired the employees responsible for the errors and hired more competent agents;
C) Hired a private accounting firm to better determine ways of identifying fraud;
D) Requested more power to force businesses to submit information to the IRS at any time for any reason?
If you chose anything other than "D", you haven't been paying attention to, well, anything related to the Federal Government in the past, oh, 140 or so years...
That is all.