By Free Republic | Created at 2024-11-24 21:45:50 | Updated at 2024-11-26 05:27:06
1 day ago
IRS Introduces Changes to Reduce Refund Delays, Combat Identity Theft
NTD.com ^ | 11/23/24 | Tom Ozimek
Posted on 11/24/2024 12:55:51 PM PST by CFW
The Internal Revenue Service (IRS) has announced new measures aimed at reducing refund delays for some taxpayers while also strengthening protections against identity theft and fraud.
Starting in the 2025 filing season, taxpayers who file electronically can submit returns claiming dependents, even if those dependents have already been claimed on another return, as long as they include a valid Identity Protection Personal Identification Number (IP PIN), the IRS said in a Nov. 21 announcement.
The changes apply broadly to all taxpayers with duplicate dependent claims, not just those claiming the Earned Income Tax Credit or Child Tax Credit. The IRS said it will now accept electronic filings of Forms 1040, 1040-NR, and 1040-SS in these cases, eliminating the need for paper filing, which previously caused significant delays in processing refunds.
“This change will reduce the time for the agency to receive the tax return and accelerate the issuance of tax refunds for those with duplicate dependent returns,” the IRS said in its announcement. The agency added that this update will streamline the process for taxpayers and provide faster resolutions while safeguarding against fraudulent filings.
(Excerpt) Read more at ntd.com ...
TOPICS: Business/Economy; Crime/Corruption; Government
KEYWORDS: corruption; dependents; fraud; irs
Click here: to donate by Credit Card
Or here: to donate by PayPal
Or by mail to: Free Republic, LLC - PO Box 9771 - Fresno, CA 93794
Thank you very much and God bless you.
"Starting in the 2025 filing season, taxpayers who file electronically can submit returns claiming dependents, even if those dependents have already been claimed on another return, "
---
Wait! Is their goal to reduce fraud or to encourage it?
IRS employees will probably be selling IP PIN numbers like hotcakes.
Do you realize how many fake children are going to be created in order to increase tax "refunds"? Or how many non-custodial spouses are going to claim their children as dependents even though court Orders specify that the custodial parent has that right? It is going to be chaotic and introduce a lot more fraud in tax filings.
1 posted on 11/24/2024 12:55:51 PM PST by CFW
To: CFW
We may finally reach Peak Fraud where everything has to be done in person and you better have yer gol-darn paperwork and be prepared to back it up with fingerprints!
2 posted on 11/24/2024 1:07:34 PM PST by BradyLS (DO NOT FEED THE BEARS!)
To: CFW
Use the link below to create an IP PIN or retrieve an existing IP PIN online. Need to create an ID.me account. This same ID.me account can be used to sign in to a Social Security account at ssa.gov. I have helped clients set up this ID.me account many times. Takes about 15 minutes. Need current driver’s license, state ID, or passport.
https://www.irs.gov/identity-theft-fraud-scams/get-an-identity-protection-pin
3 posted on 11/24/2024 1:42:31 PM PST by DFG
To: CFW
What if the IRS goes away entirely, by lawful means.
4 posted on 11/24/2024 1:45:41 PM PST by reasonisfaith (What are the personal implications if the Resurrection of Christ is a true event in history?)
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson
