Thursday, August 09, 2012

IRS turned blind eye to fraud ....

The IRS showed more interest in processing applications for a taxpayer identification number than in vetting those requests for fraud, according to a federal audit publicly released Wednesday.

The revenue service's review of applications for Individual Taxpayer Identification Numbers (ITINs) was lacking and there was no reason to believe the IRS uncovered as much fraud as it could, the Treasury Department’s inspector general for tax administration found.

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