Results 1 to 2 of 2

Thread Information

Users Browsing this Thread

There are currently 1 users browsing this thread. (0 members and 1 guests)

  1. #1
    Senior Member Reciprocity's Avatar
    Join Date
    Apr 2006
    Location
    New York, The Evil Empire State
    Posts
    2,680

    IRS issued billions in improper refunds, report says

    IRS issued billions in improper refunds, report says

    Posted by Josh Hicks on April 24, 2013 at 6:00 am

    The Internal Revenue Service issued more than $11 billion in improper payments through its Earned Income Tax Credit program last year, according to an inspector general’s report released this week.

    Treasury Department deputy inspector general Michael McKenney found that the IRS has failed to comply for two consecutive years with the Improper Payments Elimination Act, which President Obama signed in 2010. The law requires federal agencies to reduce erroneous payments to a rate of less than 10 percent.
    The IRS estimates that at least 21 percent of its EITC payments in 2012 were faulty. That rate showed a decline compared to the previous nine years, but improper payments over the same period increased about 22 percent, rising to at least $11.6 billion, according to the inspector general’s report.
    (Daniel Acker/Bloomberg)

    Overall, the agency “has made little improvement in reducing EITC improper payments,” the report said.



    The Earned Income Tax Credit awards tax refunds to many low-income individuals and families, especially those who have children.

    The IRS said Tuesday that EITC errors arise from a variety of causes, including the complex nature of the law, the ever-shifting EITC-eligible population and the nature of the credit.
    “The reduction of improper payments is a top priority for the IRS, and we are making progress in this area,” the agency said in a statement. “We will continue to work hard to get the credit to those who are eligible while protecting against improper payments.”

    http://www.washingtonpost.com/blogs/...s-report-says/


    For more federal news, visit The Federal Eye, The Fed Page and Post Politics.
    To connect with Josh Hicks, follow his Twitter feed, subscribe to his Facebook page or e-mail josh.hicks@washpost.com.
    E-mail federalworker@washpost.comwith news tips and other suggestions.


    Anybody wanna guess where most of that went? ......Reciprocity
    “In questions of power…let no more be heard of confidence in man, but bind him down from mischief by the chains of the Constitution.” –Thomas Jefferson

  2. #2
    Senior Member Ratbstard's Avatar
    Join Date
    Nov 2007
    Location
    New Alien City-(formerly New York City)
    Posts
    12,611
    Strangely for some unfathomable reason an actual American citizen couldn't accomplish this scam. Only those that file with ITIN numbers get away with it. The deception is so obvious and has already been exposed. How the Hell is it allowed to continue?
    Join our efforts to Secure America's Borders and End Illegal Immigration by Joining ALIPAC's E-Mail Alerts network (CLICK HERE)

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •