IRS slow in addressing identity theft cases, affecting low-income taxpayers and loan access.

An IRS watchdog reports that the agency is still too slow in addressing identity theft cases, with delays described as "unconscionable". These delays are particularly challenging for low-income taxpayers who rely on refunds for daily expenses and medical bills. Identity theft victims may also struggle to secure certain loans. The IRS received $80bn from the Inflation Reduction Act, but this funding is vulnerable to potential cutbacks.

June 29, 2024
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