$3.6 Billion Lost to Fraud is IRS’s Improvement from the Year before

$3.6 Billion Lost to Fraud is IRS’s Improvement from the Year before (The Wall Street Journal’s Washington Wire)

For tax year 2011, the Internal Revenue Service (IRS) issued $3.6 billion in potentially fraudulent refunds. This marks an improvement from tax year 2010, when they issued $5.2 billion in questionable returns. The IRS continues to employ more agents to combat identify theft and train workers to deal with legitimate tax payers whose Social Security numbers are stolen. (Fraud information from the Treasury Inspector General for Tax Administration’s report)