Posted on 12/25/2013 9:46:37 AM PST by Libloather
The Internal Revenue Service (IRS) has no system in place to prevent fraud when individuals apply for tax credits under Obamacare, according to the Treasury Inspector General for Tax Administration (TIGTA).
The IG said in an audit released Tuesday that the IRS has no plan to manage, monitor, or mitigate fraud risk when processing premium tax credits available under the Affordable Care Act (ACA).
The ACA Program has not yet completed a fraud mitigation strategy, the audit found. It is important for the IRS to thoroughly consider fraud threats and risks that could impact new ACA systems.
(Excerpt) Read more at freebeacon.com ...
The IRS already has no strategy for the gargantuan fraud in the Earned Income Tax Credits, so we should expect something different regarding Obamacare Tax Credits?
They will just get the overpayments back from the insurance companies.
What??? Didn’t Obama cover this topic in one of those meetings that he had with the head of the IRS in the Oval Office?
Being the smartest Muslim(Socialist/Communist, I am conflicted on this...) selfie-taking American/Kenyan that has ever lived, I am sure that this was a subject that Odumbo touched on...
The insurance companies are being required to guess.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.