IRS Stopped $1.1 Billion In Fraudulent Refunds In 2016 Due To Increased Focus On Security
From January through April 2016, the IRS stopped $1.1 billion in fraudulent refunds claimed by identity thieves on more than 171,000 tax returns, a nearly 50% boost from last year’s dollars, announced IRS Commissioner John Koskinen today at a Security Summit update. The update featured appearances by Security Summit partners, including H&R Block CEO Bill Cobb; Intuit CEO Brad Smith; and GreenDot CEO Steve Streit.
