The Taxpayer Protection Program that the Internal Revenue Service implemented in an effort to curb the problem of identity theft-related tax fraud is improving the IRS’s efforts at detecting identity theft, but the case-processing controls need to be strengthened to reduce the burden on taxpayers victimized by identity theft, according to a new government report.
The report, from the Treasury Inspector General for Tax Administration, acknowledged the IRS’s Taxpayer Protection Program is crucial to the agency’s efforts to combat tax refund fraud and help victims of identity theft receive their refunds. Last year, the program identified 324,670 tax returns involving identity theft and prevented the issuance of $2.2 billion in fraudulent tax refunds. The tax returns were identified before processing was completed to protect the fraudulent tax refunds from ever being issued.
Register or login for access to this item and much more
All Accounting Today content is archived after seven days.
Community members receive:
- All recent and archived articles
- Conference offers and updates
- A full menu of enewsletter options
- Web seminars, white papers, ebooks
Already have an account? Log In
Don't have an account? Register for Free Unlimited Access