Krystle Marie Reyes SCAMs Turbo Tax for $2 Millione
I agree, this is becoming a problem. When taxpayers use turbo tax then can enter whatever they want. We are counting on the IRS to catch the fraud and that is too difficult to ask. Changes might have to be made to the tax system as whole (very slim chance) or to online providers. Turbofraud is costing taxpayers money!!!
From reading an article, I can't tell what fault Turbotax had in this. Tax fraud isn't becoming a problem, it always has been a problem. You can do the same fraud with a paper return or any other tax program.
With a paper return, the IRS takes many weeks to release the money. More likely to catch an outrageous return like this one that way. E-file through turbotax, the IRS releases the money in 7 days. Its just easier for criminals to get money fast on the backs the taxpayers. Atleast through HR Block, the taxpayer has to be infront of the preparer. Less likely to have an outrageuos return, but still wont stop all fraud.