Audio: Real Estate Minute: Scam The IRS

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Summary: Real Estate Minutes
A convicted felon says it’s easy to scam the IRS. And that should make all of us very worried.

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Audio Transcript: Last week, a convicted felon told Congress just how easy it is to scam the IRS.

The felon testified that he used stolen identities, fake tax information and then filed electronically. He used refund anticipation loans to get his cash immediately after he filed the fake returns.

All told, he defrauded identity theft victims, the government and banks of more than $1 million.

If that weren’t bad enough, this convicted felon asked Congress why the IRS does not require taxpayers to use a personal identification number (also known as a PIN) or the use of a mother’s maiden name as an additional security measure for electronic returns.

It’s a good question. What’s the answer?

The IRS said it would be too expensive and damaging to the interests of many legitimate taxpayers by making filing more difficult.

You’ve got to be kidding. How much more difficult could the IRS make it to file our tax returns?

With practical, informative consumer advice, I'm Ilyce Glink, News-Talk 750 WSB

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Related Topics

• fraud, 
• identity theft, 
• ilyce glink, 
• IRS, 
• scam

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