Posted by: Janette Silverman | May 3, 2012

(USA) House Ways and Means Subcommittees To Hold Joint Hearing On Identity Theft and Tax Fraud

The latest news from Jan Meisels Allen IAJGS Vice President Chairperson, IAJGS Public Records Access Monitoring Committee:

"House Ways and Means Oversight Subcommittee Chairman Charles Boustany, Jr., 
MD (R-LA) and Social Security Subcommittee Chairman Sam Johnson (R-TX) 
announced that the Subcommittees on Oversight and Social Security will hold 
a hearing on tax fraud involving identity theft. The hearing will take place 
on Tuesday, May 8, 2012, in 1100 Longworth House Office Building, beginning 
at 10:00 A.M EDT.  Oral testimony at this hearing will be from invited 
witnesses only. However, any individual or organization not scheduled for an 
oral appearance may submit a written statement for consideration by the 
Committee and for inclusion in the printed record of the hearing. We have 
been advised that the only invited presenters will be from government 
agencies.  See:

Anyone may watch the hearing by going to the committee website listed above
and following the instructions for watching the video at the time of the
hearing or clicking on committee videos on the lower left side..

For Processing Year 2011, the Internal Revenue Service (IRS) reported
detecting approximately 940,000 tax returns potentially filed by identity
thieves and prevented issuing $6.5 billion in fraudulent tax refunds.
Treasury Inspector General for Tax Administration (TIGTA)  found that
fraudulent refunds acquired through identity theft are significantly greater
than the amounts detected. The use of the Death Master File (DMF) also known 
as the Social Security Death Index (SSDI) has been purchased by other
government agencies, financial institutions, life insurance companies,
credit reporting organizations, data aggregators, medical researchers,
genealogists and others; and purchasers are free to re-disclose the data
they obtain. This hearing will explore a major source of the problem -
identity thieves who steal Social Security numbers to engage in tax fraud.

This joint subcommittee hearing has been expected since the February 2, 2012 
hearing before the House Ways and Means Subcommittee on Social Security.  To 
read the IAJGS statements submitted following the February 2 hearing and the 
Senate Finance Committee hearing submitted following the March 20 hearing 
see and look at the latest Legislative Alert dated March 28, 
2012 under "legislation" on the green tab on the left."

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