Tax Processing Positives and Problems


Since the beginning of tax season, the IRS has been busy receiving and processing tax submissions from billions of taxpayers. The mountainous work of sifting through tax returns to check for accuracy, identify fraud and process refunds is still ongoing. As of early April, the IRS has processed about 96 million tax submissions and issued nearly 81 million tax refunds amounting to $234 billion according to a report by the Treasury Inspector General for Tax Administration (TIGTA), the federal agency set up to provide independent oversight of the IRS.

Up to March 4, the IRS has been able to identify 335,341 fraudulent tax refund claims at a capture rate of 97%. This prevented a whopping $1.8 billion in false claims from being issued. This is a remarkable accomplishment in view of the fact that last year’s figure was only 119,484 fraudulent tax returns amounting to $721 million in false claims. These figures also show that the number of fraudulent returns has significantly increased.

Please see full article below for more information.

LOADING PDF: If there are any problems, click here to download the file.

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

© Darrin Mish, Tampa Tax Attorney, The Law Offices of Darrin Mish, P.A. | Attorney Advertising

Written by:


The Law Offices of Darrin Mish, P.A. on:

Readers' Choice 2017
Reporters on Deadline

"My best business intelligence, in one easy email…"

Your first step to building a free, personalized, morning email brief covering pertinent authors and topics on JD Supra:

Sign up to create your digest using LinkedIn*

*By using the service, you signify your acceptance of JD Supra's Privacy Policy.

Already signed up? Log in here

*With LinkedIn, you don't need to create a separate login to manage your free JD Supra account, and we can make suggestions based on your needs and interests. We will not post anything on LinkedIn in your name. Or, sign up using your email address.