IRS System Error Leads To $43.7M In Faulty Refunds

The Internal Revenue Service processing system’s handling of dishonored checks may have caused as much as $43.7 million in erroneous refunds to be distributed, the Treasury Inspector General for Tax Administration said, though it noted the agency already has...

Florida Couple Owed $14M Tax Refund, Court Told

A couple claiming they overpaid their taxes asked a Florida federal court for help getting a nearly $14 million refund, saying they asked the IRS for the money more than four years ago, but the agency has yet to make a decision or explain the delay.