6 myths about tax refunds

IRS warns of new scam involving erroneous tax refunds. | The Internal Revenue Service warned taxpayers Tuesday to beware of a quickly proliferating scam involving erroneous tax refunds being deposited in their bank accounts, after a data breach on their tax preparers’ computers gives them access to sensitive client information.

IRS didn’t notify 458,658 identity theft victims. | The Internal Revenue Service failed to tell nearly half a million victims of identity theft last year their information was being used by others for employment purposes, according to a new report, which attributed the failure to a computer programming error.