Thursday, February 2, 2012

IRS Crackdown On Identity Theft May Delay Some Returns

IRS Crackdown On Identity Theft May Delay Some Returns
If you’ve already filed your federal income tax return for last year hoping to get a refund right away, your plans may not work out. The Feds have launched a crackdown on identity theft and tax refund fraud. The sweep has resulted in flushing out 105 people in 23 states who are suspected of taking part in fraud. That’s the good news. However, an IRS official says the Internal Revenue Service has installed new filters on its computers to help spot identity fraud before a bogus refund is sent out. The agency says this has caused delays of about a week for early tax return filers to get refunds.