Message Font: Serif | Sans-Serif
 
UnThreaded | Threaded | Whole Thread (14) | Ignore Thread Prev | Next
Author: fleg9bo Big funky green star, 20000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 121599  
Subject: Tax story of the day Date: 6/8/2012 2:02 PM
Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Recommendations: 4
Oregon's biggest tax fraud.

http://www.oregonlive.com/politics/index.ssf/2012/06/human_e...

A state computer red-flagged an allegedly fraudulent $2.1 million tax refund, but "human error" allowed the scam to slip through the Oregon Department of Revenue, a spokesman for the state agency said Thursday.

Department of Justice agents arrested Krystle Marie Reyes, of Salem, Wednesday on accusations that she used Turbo Tax computer software to file a fake tax return claiming she had earned $3 million and was owed a refund of $2.1 million. Oregon revenue officials approved the refund, and Turbo Tax issued Reyes, 25, a prepaid Visa debit card with the full refund amount on it.

She spent $200,000 between February and April before reporting the card stolen. At that point, state revenue officials "double-checked" the tax return, determined it was fraudulent and notified the Justice Department. Intuit, the company that owns Turbo Tax, has returned $1.9 million to the state... It's unclear what might have happened if Reyes had not lost the debit card.
_____________________________

No fair -- I never got debit cards from TurboTax for my state tax refunds. Human error? What kind of human might think she could have overpaid her taxes by $1.8 million on an income of $3 million? Sheesh.

--fleg
Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (14) | Ignore Thread Prev | Next

Announcements

Disclaimer:
In accordance with IRS Circular 230, you cannot use the contents of any post on The Motley Fool's message boards to avoid tax-related penalties under the Internal Revenue Code or applicable state or local tax law provisions.
Foolanthropy 2014!
By working with young, first-time moms, Nurse-Family Partnership is able to truly change lives – for generations to come.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Post of the Day:
Macro Economics

Looking at Currency Ratios
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and "#1 Media Company to Work For" (BusinessInsider 2011)! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.
Advertisement