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IRS Paid $3.6 Billion In Fraudulent Tax Refunds

According to an Inspector General Report, the IRS paid out $3.6-billion in fraudulent tax refunds to the thieves.
Identity thieves made a fortune off the IRS last year.

According to an Inspector General Report, the IRS paid out $3.6-billion in fraudulent tax refunds to the thieves.

But that's down from the more than $5-billion the agency paid out the year before.

An audit by the Treasury Inspector General for tax administration also found the IRS failed to prevent more than a million potentially fraudulent tax returns for 2011 from being processed.

That includes 5,500 fraudulent returns filed by a single tax preparer for a refund of nearly 27-million dollars!

Still, the report said the IRS is improving.

The agency caught more than 12-million suspicious returns in the last two years.

And earlier this year, it arrested hundreds of identity theft suspects in a series of raids.
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