Advisory Group: Delay Tax Refunds to Verify Identity
- Thursday, 15 November 2012
- Tax
The Internal Revenue Service should consider delaying the delivery tax refunds until taxpayers' identities are verified to combat identity theft, an advisory committee has recommended. In its 2012 annual report, the IRS Advisory Council said that for filers getting refunds in January, the IRS should consider issuing 25 percent of the refund and then send the rest only after ID verification.
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