Hot Topics :
IRS

IRS Paid Billions In Improper Tax Credits

The Internal Revenue Service paid more than $13 billion in tax credits last year to people who may not have qualified, a government investigator said Tuesday.

The Earned Income Tax Credits were supposed to go to low-income working families.

The agency’s inspector general issued a report Tuesday saying the improper payments were between $13.3 billion and $15.6 billion. That’s about a quarter of all EITC payments.

“The IRS can and must do more to protect taxpayer dollars from waste, fraud and abuse,” said J. Russell George, the Treasury inspector general for tax administration.

The IRS said it is aggressively fighting tax fraud, and is improving its efforts to police EITC payments. The agency said it has stopped nearly 15 million suspicious returns since 2011, blocking more than $50 billion in fraudulent refunds.

READ MORE…

Subscribe to Firearms & Freedom

Get your daily dose of news & info from Firearms & Freedom

Sign up to Firearms & Freedom for FREE and receive our daily emails.

Freedom to Carry – Protect your 2nd Amendment

In a world bent on squashing our freedom and taking our guns, Firearms & Freedom cuts through the chatter to bring you news you need to know about to stay safe and in control of your second amendment. Join over 1,000,000 subscribers to receive a dose of freedom delivered right to your inbox.

We know how important your privacy is and your information is SAFE with us. We’ll never sell
your email address and you can unsubscribe at any time directly from your inbox.
View our full privacy policy.