IRS Investigates Huge $200 Million, Fake Tesla Income Tax Refund Fraud

Author: External Author | Jun 25, 2021 | Categories: Accounting , Accounting Firm , Bookkeeping , Business Set-Up , Corporate Tax Preparation , CPA , CPA Firm , IRS Audits and Notices , IRS Representations , Payroll Services , Small Business Accounting , State Notice issue , Tax Accountant , Tax Planning , Tax Preparer , Tax Services

U.S. tax authorities were duped into sending $13.8 million to fraudsters who had filed false refund claims to the tune of $210 million, according to a government application for the forfeiture of a property in California obtained by Forbes. Allegedly perpetrated between 2016 and 2020, it could be one of the biggest tax refund frauds ever seen in the country.

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Original Article Source Credits: Forbes, https://www.forbes.com

Article Written By: Thomas Brewster

Original Article Posted on: Jun 7, 2021

Link to Original Article: https://www.forbes.com/sites/thomasbrewster/2021/06/07/irs-investigates-huge-200-million-fake-tesla-income-tax-refund-fraud/?sh=670a09873616