All eyes are on the IRS after crooks were able to access data on 104,000 previously filed tax returns. But the agency actually is doing a better job of stopping tax ID theft.
IRS examination of tax returns has been dropping. That means more filers are prone to fudge figures on their 1040s. But the agency still is collecting trillions of dollars.
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.