cam'ron sex scene - Single fraud investigation service 2013

The report shows that the government was still losing .6 billion a year in potentially fraudulent tax refunds.

Single fraud investigation service 2013-9Single fraud investigation service 2013-41

FINANCIAL IMPACT OF THE SCAMFor the tax return processing year of 2011 (per the tax year 2010 tax returns), the IRS reported 938,664 cases of identity theft tax refund fraud, with approximately $6.5 billion in fraudulent tax refunds issued.

In TIGTA’s analysis of the same data, the agency estimated that approximately 1.5 million additional individual tax returns filed in 2011 met the characteristics of confirmed IRS identity theft cases, and these returns accounted for additional losses estimated to be more than $5.2 billion.

676) in April 2013, which would toughen criminal penalties for ID thieves who file fake refunds under someone else’s name.

It would also require the IRS to get legitimate taxpayers the refunds they’re due within 90 days. Max Baucus, D-Mont., chairman of the Senate Finance Committee encouraging him to prioritize Nelson’s bill.

The odds are very high that an identity thief won’t pay off any debts they incur in your name, which will leave you holding the bag while the fraudster skips off into the sunset with his (your! He can destroy your credit rating and make it difficult or impossible for you to negotiate the economic seas.

You’ll spend hours and hours clearing your record and lots of cash if you need to hire an attorney to help.

It’s obvious from these stats that the elderly, students and young children are easy identity theft targets because many of them don’t meet the income requirements to file a federal tax return.

According to the 2013 TIGTA report cited above “the IRS continues to increase its efforts to identify and prevent fraudulent tax refunds from being issued as a result of identity theft.” The report mentions that during 2012, the IRS prevented the issuance of billion of fraudulent refunds, including billion related to identity theft, compared with billion in 2011.

That would certainly provide some relief to financially strapped victims. Don’t get your hopes up because, as we will explain later, this process will most likely take a long, long time.

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