Filing income taxes can be very difficult and many people
could use the help of a tax attorney
to explain the complicated tax code. A federal watchdog group conducting a
independent survey discovered that millions of taxpayers wrongly took the
education tax credit.
According to the group, 2.1 million taxpayers took the
American Opportunity Tax credit which has taken $3.2 billion in revenue from
the IRS. The American Opportunity Tax Credit allows people paying for school
tuition and supplies to take make a $2,500 deduction. The tax credit was part
of the 2009 stimulus program.
Treasury Inspector General for Tax Administration plans to
release a report which shows that 1.7 million taxpayers received $2.6 billion
on tax credits which appear to be erroneous based on IRS records. Many other
groups were found to participate in the fraud including prisoners. Individuals
who defraud the IRS face an audit and possible litigation, which would
necessitate the assistance of a tax lawyer.
The IRS dispute the TIGTA claims. In an interview, Terry Lemons spokesman for the IRS said, “We understand that
there will be incorrect claims and we will take steps to correct them.” He
further stated, “We think it’s misleading for the TIGTA to say that the
problems are of this scope.”
Tax fraud is not uncommon and there are numerous people who
either evade or avoid paying their tax bills. When the authorities discover any
type of tax fraud they will tenaciously pursue these individuals or companies
and only a tax attorney is capable
of helping with these allegations.