Friday, August 3, 2012

TAX SCAM : IRS PAYS Out BILLIONS in FRAUDULENT REFUNDS ..IRS could issue as much as $21 BILLION in FRAUDULENT TAX REFUNDS over the NEXT FIVE YEARS ..

 The inspector general said it found one residential address in Lansing, Michigan that was the source of an astonishing 2,137 tax returns, and to which the IRS directed more than $3.3 million in potentially fraudulent refunds.
In another case, a single residential address in Chicago was the source of 765 tax returns, generating more than $900,000 in potentially fraudulent refunds, the report said.
“Once the money is out the door, it is almost impossible to get it back,” IRS inspector general J. Russell George told CNBC. “The bad guys know that the IRS is unable, given the limited number of its staff it has, to address every single allegation of tax fraud it has.”

Tax Scam: IRS Pays Out Billions in Fraudulent Refunds - US Business News - CLICK  FOR  MORE..

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