IRS: Lack of fraud detection system cost nearly $300M

    Date18 Jul 2006
    CategoryGovernment
    4665
    Posted ByBrittany Day
    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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