New York comptroller says dubious tax refunds blocked
Thu, 17 Apr 2014 13:04:44 GMT —
The New York Comptroller's Office reports stopping more than $24 million in questionable personal income tax refunds so far this year, saying it has found 7,482 improper filings, up 18 percent from last year.
The office has audited and approved 4.8 million state refund requests totaling $4.3 billion, with another 346,000 refund requests for $352.5 million expected to be paid soon.
Comptroller Thomas DiNapoli says tax cheats are continually coming up with "new schemes to get money they aren't entitled to."
The comptroller's office audits state bills before payment, including personal income tax refunds.
In 4,805 instances involving income totaling $16,043,950, taxpayers claimed ineligible refundable credits, such as for fake or an inflated number of dependents, or understated income.