The number of tax refund fraud cases is growing at an alarming rate.
The IRS has the bad guys on the run.
As part of a larger effort to combat tax refund fraud, the IRS led a massive, coast-to-coast effort in January against 389 identity theft suspects that resulted in 734 enforcement actions, the agency announced yesterday.
"There is a heavy price to pay for committing refund fraud," IRS acting commissioner Steven Miller told reporters on a conference call on Thursday. "The IRS and its law enforcement partners are going after the perpetrators and people are going to jail for a long time."
Tax refund fraud, where scammers steal a legitimate tax payer's identity, file as them, and then steal their refund, is a growing and costly problem.
As chronicled in a Daily News story on Monday, the IRS could dole out as much as $21 billion in potentially fraudulent refunds over the next five years, according to a the Treasury Inspector General for Tax Administration.
Source: New York Daily News | PHYLLIS FURMAN