March 23, 2012

THE COUNTRY’S IN THE VERY BEST OF HANDS (CONT’D): Inspector General: IRS 21%-26% Error Rate Results in $14-$17 Billion/Year in Erroneous EITC Payments.

UPDATE: Reader Dustin James writes: “Glenn, just saw your link to Paul’s post on erroneous tax refunds. My daughter filed for her refund electronically about three weeks ago and was told a return with her SS# had already been filed. She now has to deal with the Social Security Administration and mail her return in via snail mail. Then a story comes out in the Houston Chronicle. Tax refund fraud via electronic returns is a big deal, the next big fraud.”

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