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IRS Sent Out $3.2B in Bogus Refunds

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The IRS has sent out thousands of refund checks that were likely part of identity theft scams, according to USA Today. Overall, the IRS failed to detect 1.5 million fraudulent returns, ultimately costing taxpayers $3.2 billion, according to an audit of 2011 IRS data conducted by the Treasury Inspector General for Tax Administration.

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