IRS Financial Losses: Missing Automated Fraud Detection Costs Taxpayers

Jul 18, 2006 •

1 min read

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cost analysis fraud detection IRS financial impact tax return screening automated systems financial losses taxpayer protection

The lack of an automated refund fraud detection system that would have allowed the U.S. Internal Revenue System to screen 2006 tax returns could cost the agency between $200 million and $300 million, the IRS told the U.S. Senate Finance Committee last week.

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