The Internal Revenue Service (IRS) has flagged over 1 million 2022 tax returns for additional review over potential identity fraud, according to a recent report.
The Treasury Inspector General for Tax Administration’s interim results (pdf) of the 2023 filing season, which they released on May 10, cited 1.1 million identified as of March 2 that warranted a closer look.
The IRS stated that thus far, they have confirmed that 12,617 of the tax returns were fraudulent, and they prevented the distribution of refunds totaling $105.3 million.
During the last tax year, the IRS only identified 9,626 as confirmed fraudulent returns, with the 2023 filing period already seeing a jump of roughly 3,000 illegal returns….