$5 Billion to identity thieves. I'm at a loss of words...........
In one example, investigators found a single address in Lansing, Mich., that was used to file 2,137 separate tax returns. The IRS issued more than $3.3 million in refunds to that address. Three addresses in Florida, the epicenter of the identity theft crisis, filed more than 500 returns totaling more than $1 million in refunds for each address.
I can tell you that States, (and probably the IRS) are implementing new software strategies where suspect addresses, suspect SS-numbers, and certain algorithms that point to refund-fraud are being shared and tracked. They may have gotten away with it in years past, but the doors are closing on many of the strategies that have been used...
