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Thursday, August 9, 2012

Your Tax Dollars In Action-I hope You're Sitting Down!

Hello my dear friends. You work hard. You're a good person. You pay your taxes. Right? I'll bet, once in a while, you wonder where all your hard earned money is going. Well, please sit down because I have a little story to tell you that's going to knock you off your feet. It involves the IRS, Taxpayer Identification Numbers and tax refunds. Taxpayer Identification numbers are generally granted to "Non-Citizens" without social security numbers and are used to file for income tax refunds. According to an investigation conducted by the Treasury Department, IRS investigators have been discouraged from investigating fraud in the filing for these numbers. As a matter of fact, those applying for Taxpayer Identification Numbers were never required to present certified copies of their birth certificate or any other identification. In plain English, they were never required to prove that they were who they said they were. The result? Well, according to the Treasury Department investigation, the inspector general found 154 addresses that were used ONE THOUSAND TIMES OR MORE to register a Taxpayer Identification Number. As a result of that, the inspector general found that 10 of those addresses were used to file 53,994 tax refunds, receiving $84.6 MILLION in tax refunds in 2011 alone! OMG! For instance (yes, this really happened) One Atlanta address was used to file 23,994 refunds and received $46.3 million dollars! The IRS issued 2706 refund checks to a single bank account totaling $7.3 million dollars! IRS officials say agents need more training to spot fraud. You Think? Call me crazy but don't you think even the untrained eye would catch 24 THOUSAND refunds going to one address? I know that in these tough times people do have roommates but 23,993 roommates seems excessive. In 2011, the IRS processed 3 million tax refunds using Taxpayer Identification Numbers, issuing $6.3 BILLION in refunds! They say they have no way of knowing how many of those were fraudulent. It would be funny if it weren't so damn upsetting. You have to wonder how these people can even see the paperwork with their heads so cleared jammed up their butts!
Po

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