2020 – 06/30 Identity theft tax refund fraud remains a concern, according to a report by the Electronic Tax Administration Advisory Committee. The committee’s “2020 Annual Report to Congress” praised the efforts of the Security Summit (a coalition of IRS, state tax agencies and the private sector tax industry) in combatting identity theft tax refund fraud. It also made recommendations on several issues. Specifically, the report states that the modernization of the IRS is an “essential component” of narrowing the $380 billion annual “tax gap.” In addition, full funding of the IRS’s fiscal year budget request is “foundational” to IRS enforcement. Read the full report:

Similar Posts