Without Congressional Action, IRS Is Soon To Be Overwhelmed

The IRS is alerting Americans to a new tax refund scam designed to get their personal information. The letter, which has the agency’s masthead on it, requests driver’s license information, cell phone number, bank account details, and other valuable information to process the “refund.” The scam adds to an already full plate for the IRS, including 2.8 million unprocessed individual tax returns—and unless Congress acts to raise the threshold for goods and services sold online, that plate will be overflowing in 2024. 

 

Read Full Article »


Comment
Show comments Hide Comments


Related Articles

Market Overview
Search Stock Quotes