Two high-ranking senators are calling for the Government Accountability Office to investigate the growing problem of tax fraud related to identity theft and how it contributes to the tax gap.
Senate Finance Committee Chairman Max Baucus, D-Mont., and ranking Republican member Charles Grassley, R-Iowa, sent a letter to the GAO asking for a report on the Internal Revenue Service's current procedures for curbing identity theft and tax fraud, and how those measures could be toughened. They contend that the deterrence of identity theft should be an integral part of the Treasury Department's efforts to close the gap between taxes legally owed and taxes actually collected, and that the IRS should be doing more to help victims.
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