IRS Admits Refunding Billions On Fake Tax Returns | Zero …
The report by the Treasury Inspector General for Tax Administration shows the Internal Revenue Service continued to pay refunds on hundreds of thousands of fraudulent tax returns in recent years, and sent dozens of checks to the same addresses, including in Eastern Europe and elsewhere. As The Wall Street Journal reports,
The new IG report says the IRS took steps for the 2013 filing season that resulted in “increased detection and prevention of identity theft tax returns.” But it said the agency continued to be hampered by several factors, including its inability to look at employer income data during the early weeks of the annual filing season.The IG found that the IRS missed almost 800,000 potentially fraudulent tax returns.
In response, the IRS said it disputed some of the IG’s methodology. It thinks more than half of the nearly 800,000 returns identified by the IG should not be considered potentially fraudulent.
“Much more work remains, but it’s important to note that our actions have led to an increasing number of fraudulent returns being detected and stopped — despite challenging budgets in recent years,” the IRS said in a statement.
Where are the fraudulent returns going?
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The U.S. government has been paying out billions of dollars in false tax returns.
Billions of dollars have also been sent over to bail out Greece, to help them pay off some of their massive debt obligations to major banks and hedge funds.
The U.S. government also paid out billions to bailout Ukraine.
And the government back-stopped Wall Street’s financial services industry with trillions of dollars in emergency lending, credit guarantees, and toxic asset purchases when their subprime gambling binge hit the mountain.
It is now time to give direct access to liquidity to the people who deserve it the most – U.S. citizens.
The Leviticus 25 Plan 2015 – $70,000 per U.S. citizen The Leviticus 25 Plan 2015 (958)