There’s a lot to dislike about taxes, but the Internal Revenue Service has quietly given taxpayers one thing to appreciate: Less of us are seeing our tax refunds get hijacked through
Credit for this goes to the IRS, as well as state tax agencies, tax-preparation services and financial institutions, all of whom have had to cooperate to stop thieves from filing fake returns for real people that yield refunds they redirect to themselves. The progress has been impressive, but there’s still a lot more to be done.
Finally, some progress
Further, the IRS had pared down the backlog of identity-theft cases to about 34,000 at the start of fiscal year 2017, versus 372,000 at the start of the 2013 fiscal year.
The IRS also thanked banks for helping to recover $281 million in fraudulent returns in 2016. The agency even provided many more taxpayers with