Washington – A government investigator says the Internal Revenue Service isn’t doing enough to stop at least $11 billion in tax credits for low-income families from going to people who don’t qualify for them each year.
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Using the tax agency’s own estimates, a Treasury inspector general said Wednesday about a quarter of all earned income tax credits go to families that don’t qualify for them.
The inspector general, J. Russell George, says the IRS has known about the improper payments for years but has not done enough to stop them.
IRS spokeswoman Michelle Eldridge says the agency has worked hard to enforce a complicated section of the tax code. She says taxpayers who receive the credits are twice as likely as others to be audited.
The solution is to insure that you pay something at year’s end, rather than get a refund. And that’s what you want to be the case anyway.
What about the IRS authorizing millions in tax refunds to thousands of prisoners in prisons all over the country, who file fraudulent tax returns. It is incredible, astonishing, and astounding that the IRS should authorize such refunds, when in many cases supporting documents such as W-2’s aren’t even filed with those bogus returns. When one prisoner was interviewed about their phony returns, his contemptuous remark was “what can they do to us, put us in jail”.
People should be aware that for fraudulantly claiming the EIC the IRS will penalize you by disallowing the credit for 10 years. This isn’t something anyone should mess around with.
I once heard a speaker wishing everybody that they should have to pay millions in taxes……..