Uncle Sam is losing billions each year in wrong Earned Income Tax Credit claims.
Will investigators find the ‘smoking gun’ IRS email revealing who ordered targeting of Tea Party tax-exempt applicants? A search of 5,500 messages was fruitless.
Despite a law requiring accountability for money that federal agencies pay out, the IRS has issued as much as $13.6 billion in improperly claimed earned income tax credits.
A recent government investigation found that refundable tax credits cost the U.S. billions. But so do all the tax breaks you and I claim.