Tax Headlines


IRS Stops Billions in Fraudulent Refunds, TIGTA Discovers (Reference Number: 2012-40-119)

More fraudulent returns are being filed but the IRS doing better job at stopping fraud, the Treasury Inspector General for Tax Administration (TIGTA) reported on November 9. “As of April 2012, the IRS prevented the issuance of $6.1 billion in fraudulent refunds,” a TIGTA official told reporters at a news conference in Washington, D.C., highlighting TIGTA’s review of the 2012 filing season. TIGTA also discovered growth in the use of IRS social media.

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