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Report: IRS issued $5.6B faulty education credits
USA Today: The Internal Revenue Service potentially issued billions of dollars in faulty education tax credits in one year to taxpayers who didn't qualify, according to a report out Tuesday from a government watchdog group.
In an audit of the IRS, the Treasury Inspector General for Tax Administration estimated that the tax group issued more than $5.6 billion in faulty credits to about 3.6 million taxpayers filing 2012 tax returns. The IRS says it identified 1.8 million questionable education credit returns for the same year, or half of what TIGTA found.
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