This would strongly imply that the IRS does not even do a rudimentary cross check against the employer withholding.
This would strongly imply that the IRS does not even do a rudimentary cross check against the employer withholding.”
One of our neighbors received his refund in 2012 on January 12 for the 2011 tax year. W-2’s are even’t due in the mail until the end of January.
Since we don’t seem to be getting rid of the IRS, it has long been my contention that although it would hold up the process, IRS should check SS records on every refund going out over $100 and sign their name and date attesting to the fact that they did verify that the name, SS#,address and stated income on the W-2 was a match with the information on the return. Direct deposit to a checking account of all refunds instead of mailing checks would also help and provide another source of information.
This has been huge in Florida. I read a report on it last tax season. It turns out that the IRS was not even bothering to verify a filer’s tax return with the computerized reports of salaries, wages, interest, dividends, stock sales, etc. which had been submitted directly to the IRS by the various reporting companies. The IRS simply was processing returns without any verification of income until AFTER refunds were issued. And here we all thought that every piece of income information submitted to the IRS as required by law was being utilized to insure accuracy. Just one more IRS SNAFU. However, this one is costing billions of dollars. But as Hillary Clinton would say, “What difference does it make?’’