IRS Doles Out $3.6B In Refunds To Identity Thieves

Law360, New York (November 8, 2013, 4:30 PM EST) -- The Internal Revenue Service sent almost $4 billion in improper tax refunds to identity thieves in 2011, including 355 individual refunds worth over $1 million to one address in Lakewood, Colorado, according to a watchdog report released Thursday.

The U.S. Treasury Inspector General for Tax Administration found that fraudsters exploit individual social security numbers and business tax identification numbers alike, having identified over 1.1 million fraudulent returns based on individual tax filings and over 141,000 based on business filings.

“The Federal Trade Commission has reported identity...
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