July 31, 2014

Florida ID theft 'nightmare' part of $20B IRS fraud estimate

The man in charge of collecting trillions in federal income taxes paid a visit Thursday to South Florida, where criminals have turned to stealing other people's identities and refunds into a recurring nightmare for taxpayers and his agency. John Koskinen, who took command of the Internal Revenue Service this year, acknowledged the extensive financial damage from fraudulent tax refunds — estimated to top $20 billion between 2011 and 2015, according to a Treasury Department’s report.

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