Wednesday, July 9, 2014

Spurious or no?

Just be careful if you plan to retire in Florida.

Figure 4:  Top Five Cities From Which
Potentially Fraudulent Tax Returns Were Filed
City, State
Number of Tax Returns
Refunds Issued
Tampa, Florida
88,724
$468,382,079
Miami, Florida
74,496
$280,509,449
Atlanta, Georgia
29,787
$77,113,392
Detroit, Michigan
23,870
$74,313,933
Houston, Texas
22,754
$72,089,847
Total
239,631
$972,408,700
Source:  TIGTA analysis of TY 2010 tax returns.
Figure 5 shows the number of questionable tax returns we identified by type of individual whose identity appears to have been stolen.  These categories can commonly involve individuals who are not required to file a tax return.
Figure 5:  Analysis of Potentially Fraudulent Tax Refunds for TY 2010
Type of Individual
Number of Tax Returns
Refunds Issued
Deceased 
104,950
$415,047,568
Elderly
76,338
$374,419,730
Citizens of U.S. Possessions
67,789
$387,183,428
Students (ages 16 to 22)
288,252
$695,343,022
Children (under age 14)
2,274
$3,960,327
Income Level Does Not Require Tax Return Filing[17]
952,612
$3,345,064,109
Total
1,492,215
$5,221,018,184
Source:  TIGTA analysis of TY 2010 tax returns.



Source: Treasury Inspector General for Tax Administration, Reference Number: 2012-42-080

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