According to a federal review, the Internal Revenue Service (IRS) did not properly examine hundreds of thousands of “questionable claims for fuel tax credits” for years. The cost to the government is estimated at $168 million. The Washington Post,
The Treasury Inspector General for Tax Administration released a report Thursday saying the IRS overlooked more than 4,000 claims for fuel-tax-credits at or above the threshold for manual screening between 2011 and 2013, resulting in the release of $47 million to possibly undeserving taxpayers.
The review also found that the IRS during those years also issued more than $120 million in questionable payments for nearly 200,000 claims from individuals who did not report business income, which is required to qualify for the credit.
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