WTF IRS? Archives - Federal Direct Tax https://www.federaldirecttax.com/blog/tag/wtf-irs/ Helping Individuals & Businesses Enter The Tax Preparation Industry Mon, 18 Sep 2023 04:06:16 +0000 en-US hourly 1 https://wordpress.org/?v=6.9.4 Tax Refund Splitting Provides New Avenue for Fraud Detection https://www.federaldirecttax.com/blog/tax-refund-splitting-provides-new-avenue-for-fraud-detection/ Fri, 16 Nov 2012 17:28:58 +0000 http://www.federaldirecttax.com/blog/?p=1209 TIGTA found that more than 65,300 bank accounts had multiple direct deposits, accounting for more than 949,000 refunds for approximately $1.6 billion, some of which belong to IRS employees. What does this mean?  Essentially, this means that 65,300 preparers may be shifting money from his or her client’s refund to the preparer’s own bank account. […]

The post Tax Refund Splitting Provides New Avenue for Fraud Detection appeared first on Federal Direct Tax.

]]>