The Internal Revenue Service estimates that it paid out more than $3 billion in identity theft tax refund fraud in 2014—i.e., fraudsters using stolen identities to file taxes in someone else’s name, collecting tax refunds, and then disappearing.
Jay McTigue, a director of our Strategic Issues team, recently led a review of the IRS’s efforts to combat identity theft tax refund fraud. Listen to him talk about the accuracy of the IRS’s estimates of this type of fraud, the government’s defenses against it, and why it will continue to be a major threat.
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