Thursday, July 27, 2017

New Audit Shows IRS Paid Out $24B in Potentially Improper Refunds


OAN Newsroom
The IRS is paying out more than $24 billion in potentially fraudulent refunds claimed under controversial tax credits.
An audit of the agency in 2016 says $17 billion were payments made on improper claims under the earned income tax credit.
It estimates another $8 billion in wrong payments between the additional child tax credit, and a higher education tax credit.
$118 million were also paid to people not authorized to work in the U.S.
The audit suggest the IRS follow a 2015 law delaying refunds claiming those credits so agents have more time to flag suspicious returns.

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