Download or read book The Spread of Tax Fraud by Identity Theft Status progress and potential solutions written by United States. Congress. Senate. Committee on Finance. Subcommittee on Fiscal Responsibility and Economic Growth and published by . This book was released on 2011 with total page 144 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Spread of Tax Fraud by Identity Theft written by United States. Congress. Senate. Committee on Finance. Subcommittee on Fiscal Responsibility and Economic Growth and published by . This book was released on 2011 with total page 144 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Identity Theft and Tax Fraud written by United States. Congress. House. Committee on Oversight and Government Reform. Subcommittee on Government Organization, Efficiency, and Financial Management and published by . This book was released on 2012 with total page 96 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Identity Theft and Tax Fraud written by United States. Government Accountability Office and published by Createspace Independent Publishing Platform. This book was released on 2017-12-19 with total page 56 pages. Available in PDF, EPUB and Kindle. Book excerpt: IRS estimates that, in 2014, it prevented or recovered $22.5 billion in attempted IDT refund fraud, but paid $3.1 billion in fraudulent IDT refunds. Because of the difficulties in knowing the amount of undetected fraud, the actual amount could differ from these point estimates. IDT refund fraud occurs when a refund-seeking fraudster obtains an individual's identifying information and uses it to file a fraudulent tax return. Despite IRS's efforts to identify and prevent IDT refund fraud, this crime is an evolving and costly problem. GAO was asked to examine IRS's efforts to combat IDT refund fraud. This report (1) evaluates the performance of IRS's TPP and (2) assesses IRS's efforts to improve its estimates of IDT refund fraud costs for 2014. GAO recommends that IRS update its TPP risk assessment and take appropriate actions to mitigate risks identified in the assessment. GAO also recommends that IRS improve its IDT cost estimates by removing refund thresholds and using return-level data where available.
Download or read book Taxes and Identity Theft Status of IRS Initiatives to Help Victimized Taxpayers written by James R. White and published by DIANE Publishing. This book was released on 2011-03-05 with total page 20 pages. Available in PDF, EPUB and Kindle. Book excerpt: Statement of James R. White, Dir., Strategic Issues, GAO. Identity theft is a serious and growing problem in the U.S. Taxpayers are harmed when identity thieves file fraudulent tax documents using stolen names and Social Security numbers. In 2010 alone, the Internal Revenue Service (IRS) identified over 245,000 identity theft incidents that affected the tax system. The hundreds of thousands of taxpayers with tax problems caused by identity theft represent a small percentage of the expected 140 million individual returns filed, but for those affected, the problems can be quite serious. GAO was asked to describe, among other things, (1) when IRS detects identity theft based refund and employment fraud, (2) the steps IRS has taken to resolve, detect, and prevent innocent taxpayers' identity theft related problems, and (3) constraints that hinder IRS's ability to address these issues.This testimony is based on GAO's previous work on identity theft, which was updated by examining data on identity theft cases and interviewing IRS officials. Figures and tables. This is a print on demand report.
Download or read book Identity Theft and Tax Fraud written by United States. Congress. House. Committee on Oversight and Government Reform. Subcommittee on Government Organization, Efficiency, and Financial Management and published by . This book was released on 2012 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Spread of Tax Fraud S Hrg 112 491 05 25 11 112 1 Hearing written by and published by . This book was released on 2014 with total page 88 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Identity Theft and Tax Fraud written by United States Government Accountability Office and published by Createspace Independent Publishing Platform. This book was released on 2017-10-05 with total page 54 pages. Available in PDF, EPUB and Kindle. Book excerpt: IRS estimated it prevented $24.2 billion in fraudulent identity theft (IDT) refunds in 2013, but paid $5.8 billion later determined to be fraud. Because of the difficulties in knowing the amount of undetected fraud, the actual amount could differ from these point estimates. IDT refund fraud occurs when an identity thief uses a legitimate taxpayer's identifying information to file a fraudulent tax return and claims a refund. GAO was asked to review IRS's efforts to combat IDT refund fraud. This report, the second in a series, assesses (1) the quality of IRS's IDT refund fraud cost estimates, and (2) IRS's progress in developing processes to enhance taxpayer authentication. GAO compared IRS's IDT estimate methodology to GAO Cost Guide best practices (fraud is a cost to taxpayers). To assess IRS's progress enhancing authentication, GAO reviewed IRS documentation and interviewed IRS officials, other government officials, and associations representing software companies, return preparers, and financial institutions.
Download or read book Tax Administration written by United States Government Accountability Office and published by Createspace Independent Publishing Platform. This book was released on 2017-09-09 with total page 38 pages. Available in PDF, EPUB and Kindle. Book excerpt: Identity thieves may use a taxpayer's name and social security number to fraudulently claim a refund or gain employment. This creates tax problems for the innocent taxpayer when the Internal Revenue Service (IRS) discovers a duplicate refund claim or unreported wage income. IRS is revising its strategy for preventing, detecting, and resolving identity theft-related tax problems. GAO was asked to (1) describe the extent of identity theft-related refund and employment fraud, (2) assess IRS's actions to prevent and resolve such problems, and (3) describe IRS's identity theft- related coordination with other agencies. GAO analyzed IRS data on identity theft cases, reviewed revisions to the Internal Revenue Manual and other agency documents, and interviewed IRS officials responsible for the new strategy.
Download or read book Identity Theft written by United States. Congress. Senate. Committee on the Judiciary. Subcommittee on Technology, Terrorism, and Government Information and published by . This book was released on 2001 with total page 88 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Identity Theft Tax Refund Fraud written by Lucas Haynes and published by Nova Science Publishers. This book was released on 2015-06 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Identity theft tax refund fraud is a persistent, evolving threat to honest taxpayers and tax administration. It occurs when an identity thief files a fraudulent tax return using a legitimate taxpayer's identifying information and claims a refund. This book examines what IRS knows about the extent of IDT refund fraud and additional actions IRS can take to combat IDT refund fraud using third-party information from, for example, employers and financial institutions. The book also assesses the quality of IRS's IDT refund fraud cost estimates, and IRS's progress in developing processes to enhance taxpayer authentication
Download or read book Identity Theft and Tax Fraud written by U S Government Accountability Offi Gao and published by . This book was released on 2019-06-20 with total page 56 pages. Available in PDF, EPUB and Kindle. Book excerpt: Identity Theft and Tax Fraud: IRS Needs to Update Its Risk Assessment for the Taxpayer Protection Program
Download or read book Tax Administration written by James R. White and published by DIANE Publishing. This book was released on 2010 with total page 37 pages. Available in PDF, EPUB and Kindle. Book excerpt: Identity thieves may use a taxpayer's name and social security number to fraudulently claim a refund or gain employment. This creates tax problems for the innocent taxpayer when the IRS discovers a duplicate refund claim or unreported wage income. IRS is revising its strategy for preventing, detecting, and resolving identity theft-related tax problems. This report: (1) describes the extent of identity theft-related refund and employment fraud; (2) assesses IRS's actions to prevent and resolve such problems; and (3) describes IRS's identity theft- related coordination with other agencies. The author analyzed IRS data on identity theft cases, reviewed revisions to the IRS Manual, and interviewed IRS officials responsible for the new strategy. Charts and tables.
Download or read book The Spread of Tax Fraud by Identity Theft a Threat To Taxpayers a Drain on the Public Treasury S Hrg 112 491 05 25 11 112 1 Hearing written by and published by . This book was released on 2014 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Identity Theft written by Economic Crimes Policy Team (U.S.) and published by DIANE Publishing. This book was released on 1999 with total page 36 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Many Unhappy Returns written by Pippa Browde and published by . This book was released on 2015 with total page 40 pages. Available in PDF, EPUB and Kindle. Book excerpt: The growing problem of fraudulent tax returns being submitted based on stolen identities is a “tsunami of fraud,” and victims, lawmakers, and law enforcement are struggling with how to deal with the fallout. The issues surrounding identity theft-based tax fraud are complex. Current IRS efforts to stem the tide involve pouring resources into assisting victims, updating IRS processes to detect and prevent refund fraud, and increasing the number of criminal investigations and prosecutions it pursues. The IRS's approach and pending proposed legislation are not enough to address the problems created by identity theft-based tax fraud. This article argues the IRS and Congress must use a holistic approach to attack this specie of tax fraud. To that end, this article supports enhanced criminal penalties and proposes new civil tax penalties aimed specifically at identity theft tax fraud.This article pursues two goals. First, it documents and explains the problem of identity theft-based refund fraud, highlighting particular issues with respect to tax compliance. In so doing it analyzes existing civil and criminal tax penalties to punish and deter identity thieves, an analysis which reveals that existing criminal penalties are insufficient and that there is no directly applicable existing civil penalty. Second, to address the gaps in existing law, the article proposes standards for Congress to use in crafting a comprehensive penalty scheme to apply to identity theft-based refund fraud.This article proceeds in three parts. Part I addresses the nature and scope of identity theft tax fraud, explaining the consequences such fraud has on tax administration, fair enforcement, and public confidence in voluntary compliance, which is the bedrock of our tax system. Part II explores the inadequacy of existing criminal and civil penalties. Part III then proposes legislative action, evaluates proposed and pending legislation, and makes specific recommendations for enhanced criminal penalties and the creation of a new civil penalty aimed specifically at identity theft-based tax fraud.
Download or read book Examining the Skyrocketing Problem of Identity Theft Related Tax Fraud at the IRS written by United States. Congress and published by Createspace Independent Publishing Platform. This book was released on 2017-09-26 with total page 130 pages. Available in PDF, EPUB and Kindle. Book excerpt: Examining the skyrocketing problem of identity theft related tax fraud at the IRS : hearing before the Subcommittee on Government Operations of the Committee on Oversight and Government Reform, House of Representatives, One Hundred Thirteenth Congress, first session, August 2, 2013.
