Forget about millions, we are now looking at Billions in tax payer’s money gone to criminals. Mind you, the billion amount has a big fat “S” on the end of it!

A very interesting article titled “Identity thieves will rake in billions in stolen tax refunds this year” at Nextgov.com states that, “For the past five years, the IRS has received negative audits from the Government Accountability Office for ongoing security weaknesses that could compromise sensitive taxpayer information” – some of these statements were from the prepared testimony of J. Russell George, the Treasury Department inspector general for tax administration himself.

This article goes on to say that a significantly greater amount of returns based on false income get through than the amount prevented and/or detected by the IRS. And that many of these false returns or fraudulent returns are forged by IRS employees.

And damn, “The IRS does not analyze much data from identity theft cases for patterns that could be followed to prevent future refund fraud.”

All I can say is “Nice” and Really?

Not to mention, their (IRS) computer vulnerabilities are deplorable.

More about that gem here: IRS plagued by computer vulnerabilities five consecutive years

Read and download the last two IRS audits for yourself: (click on link and a new page will open then click link a second time to save or open for viewing)

2012 Report to the Commissioner of Internal Revenue
2011 Report to the Commissioner of Internal Revenue
You’ve got to read this article by: By Aliya Sternstein 04/19/2012 (well you don’t have to, but its very informative)

There’s your tax dollars working for you!