Daily Tax Update - April 10, 2014: House Approved Rep. Ryan's Budget Blueprint

THE DAILY TAX UPDATE WILL BE PUBLISHED ON A PERIODIC BASIS UNTIL CONGRESS RETURNS APRIL 28TH

HOUSE APPROVES REP. RYAN’S BUDGET BLUEPRINT:  Today, the House narrowly (by a 219 to 205 vote) approved Rep. Paul Ryan’s (R-WI) Fiscal Year 2015 budget plan.  Ryan said, “House Republicans have put forward a plan that puts our trust in the people. Our plan balances the budget in just 10 years. We cut $5.1 trillion in spending over the next decade by eliminating waste and making much-needed reforms.”  Ryan added, “We are offering a balanced budget that pays down the debt. We are offering patient-centered solutions, so that patients are the nucleus of the health-care system, not the government. We’re offering a plan to save Medicare now and for future generations. We’re offering a stronger safety net with state flexibility, to help meet people’s needs and to help people get from welfare to work to make the most of their lives. We’re offering pro-growth tax code. We’re offering more energy jobs.”  The Senate will consider its own budget proposal.

IRS: IDENTIFY THEFT ONE OF FASTEST GROWING CRIMES: The IRS stated that its Criminal Investigations division (“CI”) has been pursuing 295 new identity theft investigations since January, with the number of active cases totaling more than 1,800.

The IRS further stated, “Since the start of 2014, increased activity by CI has led to more prosecution recommendations, indictments and sentencing hearings, which reflect the overall success by the IRS on the increased number and effectiveness of ID theft filters used during the processing of tax returns.” 

IRS Commissioner John Koskinen said, “Identity theft is one of the fastest growing crimes nationwide, and refund fraud caused by identity theft is one of the biggest challenges facing the IRS. The investigative work done by Criminal Investigation … is a part of an aggressive effort by the IRS to combat this issue on all fronts. We are making substantial progress in refund fraud protection, and the work by CI highlights the important steps we are taking.”

Richard Weber, Chief of IRS Criminal Investigation, stated, “We remain committed to allocating investigative time and resources to bringing to justice those who steal honest taxpayers’ identities for their own personal gain.”  Weber added, “Virtually every Criminal Investigation field office is working identity theft and refund fraud cases.”

Information on identity theft enforcement efforts and individual cases are available on IRS.gov.