Wednesday, December 12, 2012

Alarming Rise in IRS Refund ID Thefts | Reduction

Alarming Rise in IRS Refund ID Thefts

[3] Describes perfectly the feeling for many on Tax Day! Right? Feelings captured, a bravo is in order! BRAVO FOLKS! Enjoy!:)
[3] Describes perfectly the feeling for many on Tax Day! Right? Feelings captured, a bravo is in order! BRAVO FOLKS! Enjoy!:) by || UggBoy♥UggGirl || PHOTO || WORLD || TRAVEL ||
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Excerpt:

The number of stolen tax refunds due to identity theft is on the rise. (Rubberball/Getty Images) A new government report charts an alarming rise in tax return refund identity thefts and that few of the thefts are even investigated by the IRS. The U.S. Government Accountability Office (GAO) report said the Internal Revenue Service identified 641,690 incidents of identity theft involving tax fraud this year as of Sept. 30. That is an increase of 62 percent from the 232,142 incidents reported in 2011. Just 0. 1 percent of these cases initiated criminal investigations and the rest of the crooks were able to keep the ill-gotten gains. Only 898 criminal investigations were initiated in fiscal 2012, the report said. "Notwithstanding the IRS's efforts, its resources and ability to resolve cases are stretched thin," according to the Taxpayer Advocate Service's 2011 annual report to Congress.

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Karen Greenwood

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Organization: Internal Revenue Service

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Organization: U.S. Government Accountability Office

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Organization: Taxpayer Advocate Service

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StateOrCounty: New Jersey

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Disambiguation: Location | PoliticalDistrict | AdministrativeDivision | GovernmentalJurisdiction | USStateReferences:

City: Cary

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