Treasury says IRS missed more than $5 billion in ID-theft related tax fraud

[Chris_]

Treasury audit says IRS missed more than $5 billion in ID theft-related tax fraud last year

In one example, investigators found a single address in Lansing, Mich., that was used to file 2,137 separate tax returns. The IRS issued more than $3.3 million in refunds to that address. Three addresses in Florida, the epicenter of the identity theft crisis, filed more than 500 returns totaling more than $1 million in refunds for each address.

In another troubling scenario, hundreds of refunds were deposited into the same bank account — a red flag for investigators searching for ID thieves who may be filing for refunds for multiple people. In one instance, the IRS deposited 590 refunds totaling more than $900,000 into one account.

Washington Post

[RobJohnson]

Holy 

[CG6468]

And the IRS doesn't give a damn.