The Treasury Inspector General for Tax Administration (TIGTA) has released a heavily redacted audit that was initiated to evaluate IRS processes to identify potentially fraudulent international tax returns. Individual taxpayers, referred to as “nonresident aliens,” filed 873,009 international returns in 2018. TIGTA flagged 8,332 of these returns with potentially erroneous or fraudulent refunds totaling $20.6 million that weren’t identified by the IRS. Although key specifics were redacted, some of the returns included potentially erroneous additional child tax credit claims, potential prisoner fraud, other IRS confirmed fraud schemes and identity theft. Read the audit: https://bit.ly/3pNPvU2 Call or visit our website for more information! www.mjscpa.com/
