WASHINGTON (AP) — The 2014 budget proposal to be released by the White House on Wednesday will include new steps to combat what the Internal Revenue Service says is an exponential growth in tax refund-related identity theft.
A preview of the measures provided by administration officials Tuesday includes increasing criminal sentences for those convicted of tax-related identity theft and creating new civil penalties for those who file fraudulent returns.
The IRS would be able to assess a $5,000 civil penalty for each incidence of identity theft.
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