Coburn, Hatch Say ACA Tax Credits Have Big Fraud Risks
By Matthew Villmer
Law360, New York (November 6, 2013, 5:49 PM ET) -- Sens. Tom Coburn, R-Okla., and Orrin Hatch, R-Utah, on Tuesday pressed the Internal Revenue Service on its ability to manage $796 billion in complex tax credits under the Affordable Care Act after an IRS watchdog found the agency mishandled up to 25 percent of all Earned Income Tax Credit payments in 2012.
In a letter addressed to IRS Deputy Commissioner Daniel Werfel, the senators demanded that the IRS provide answers to tough questions about plans to avoid similar improper ACA tax credit handling, pointing to a previous Treasury...