refund? do i still get one? the irs should catch that. if they do or not is an open question. if they re trying to catch these people that are far ahead we don t know that. the irs is truly incompetent. maybe they just send out endless refunds, i don t know. they might say, well, we already paid you, remember? we re not going to do it again. maybe, maybe. it s crazy. expect an audit this year, stewart. i live in constant expectation of such. going to get worse. i believe it is. that s why he does a two-hour show every week end. kicking things off today at 11:00 eastern. thanks everyone. great show, by the way. thank you very much. love it. coming up, bran dies university sticking to its decision to refuse an honorary degree to an outspoken critic of
effect across new england. trurwise, take a look at that, new york city in the 70s. be hintd it a big drop in temperatures. in chicago, only in the 30s this afternoon. let s head back inside. maria, thank you very much. next up on the rundown, first they targeted conservatives, now the irs costing taxpayers billions. stuart varney on deck with the latest blunder that will have you seeing red. would you wear this to prom or even your wedding? we re talking about the chicken corsage. some people are wearing it. we are not kidding around. [ male announcer ] this is jowoods first day of work.
many people could look at this and say, it s a vending machine and they d be partially right. but mostly wrong. i don t think we dreamed what it can be yet. that s the whole point. you start with this and you start making your way into the future. okay. there is a little bit of a catch here. you have to have a medical marijuana i.d. card before you can buy anything. budget cuts are usually not welcome news. but budget cuts at the irs may have you smiling this morning. the agency stretched so thin right now that the likelihood of you getting audited is slim to none. the irs now has the smallest number of agents auditing returns since the 1980s. on the flip side, if you have a question for them and you re trying to call for some advice, yeah, well, you may not get your call answered. he shined a spotlight into his neighbor s home in the middle of the night for 15 years. but this grownup bully in ohio says his punishment doesn t fit the crime.
billion in fraudulent tax returns alone. joining us to weigh in stuart varney. can you imagine any worse publicity for the irs. they ve already got lois lerner refusing to answer questions. the suspicion that the irs intimidated the president s opponents in the last election. the sheer size is mind-boggling. $4 billion of fraudulent refunds sent out in one year. how? hold on a second. 1,500 investigations last year, up by two-thirds. 200 investigations so far this year. 880 people charged with this fraudulent refund. you asked how does it happen, you get somebody s name. you get somebody s birthday and get somebody s social security number. that enables you to file a false return requesting a refund. they do it by the thousands. they flood the irs with
literally thousands of refund demands. they re all bogus. some come back with the money and then move to a different location. that s how it s done. can t catch them. eric holder himself had a false return filed under his name, the attorney general. two people charged with that in georgia. can i throw something out here? now the irs is going to be charged with administering obamacare fees and taxes and they re handing out $4 billion this year. can you imagine what 14, 15 and 16 will look like? it s going to get worse. what we need is protection from the incompetent government. $4 billion going out fraudulently in one year? they re now in charge of obama care s finances basically with all kinds of information flooding into the irs which can then go out in fraudulent tax returns. stewart, let me ask you a question you play not know the answer to. what happens if somebody has already filed and gotten my