Phil Liberatore discusses why The Internal Revenue Service’s battle against fraud and identity theft is intensifying in 2017, as tax-filing season opens and the most needy taxpayers are getting caught in the middle. (PRWEB) February 27, 2017 “During recent years, it is quite disheartening to know, criminals now have the skills and capacity to impact our entire system and control how Internal Revenue Service issues refunds,” says Liberatore. The IRS was barred from issuing refunds before February 15, 2017 on any returns claiming the Earned Income Tax Credit or the Additional Child Tax Credit. Congress mandated the delay to provide the IRS additional time to review returns and identify potential fraudulent claims before any refunds are issued. According to Liberatore, taxpayers who take advantage of Earned Income Tax Credit or the Additional Child Tax Credit, will likely have to wait even longer to receive their refunds. According to the IRS, refunds will be further delayed Continue reading about Acclaimed CPA, Phil Liberatore, Discusses the Internal Revenue Service’s Intensifying Battle This Tax Season
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