IRS overpaid up to $13.6B in low-income tax credits, report finds
I think this is the stuff they should start auditing! Talk about rampant fraud.
The Internal Revenue Service (IRS) overpaid between $11.6 billion and $13.6 billion in tax credits designed to help low-income families in fiscal 2012 , the Treasury Department announced in a report released Monday.
The overpayments account for 21 percent to 25 percent of the tax credits issued under the Earned Income Tax Credit (EITC), the IRS estimated.
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