target2019
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Saw this in today's Wall Street Breakfast report:
Top lawmakers in the House and Senate have begun their own probes into a recent wave of fraudulent tax filings made through Intuit's TurboTax, highlighting a growing problem in the "e-filing" industry. IRS data shows that the issue has grown rapidly, to a record of almost 2M suspected incidents by 2013 from about 440K in 2010. The federal government estimates it blocked about $24B in attempts, but still lost about $5.2B in 2013, due to fraudulent e-filings.
Intuit earnings are out tomorrow, too. That won't reflect the recent bone head moves, but the questions and answers to follow should be interesting.
Intuit CEO Girds for Toughest Tax Season on TurboTax Travails - Bloomberg Business
Top lawmakers in the House and Senate have begun their own probes into a recent wave of fraudulent tax filings made through Intuit's TurboTax, highlighting a growing problem in the "e-filing" industry. IRS data shows that the issue has grown rapidly, to a record of almost 2M suspected incidents by 2013 from about 440K in 2010. The federal government estimates it blocked about $24B in attempts, but still lost about $5.2B in 2013, due to fraudulent e-filings.
Intuit earnings are out tomorrow, too. That won't reflect the recent bone head moves, but the questions and answers to follow should be interesting.
Intuit CEO Girds for Toughest Tax Season on TurboTax Travails - Bloomberg Business