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CSPAN Tax Scam Protection March 12, 2015

Sanctions. We will not get any sanctions because the other countries will not go with it. Host ok, we are all out of time on capitol hill right now. Before the Senate Finance Committee Testimony to be had about protecting taxpayers from schemes and scams during the 2015 tax Filing Season. That is the topic. We will bring you live coverage on cspan. Welcome. The Committee Meets to talk about growing criminal activity that is threatening taxpayers across the country. These criminal acts are prevented by themes hiding behind telephone lines and computers, preying on august taxpayers on august taxpayers and robbing them of tens of billions of dollars a year. We are here to hear about federal and state officials on the fight to catch these crooks and protect taxpaye ....

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CSPAN Key Capitol Hill Hearings March 13, 2015

Years. Somebody needs to deal with that. You could take everything the 1 in america own including their dog and not come close to balancing the budget. You cannot tax your way out of this problem. You could eliminate the department of defense in every other department we have and not balance the budget. Two thirds of spending his entitlement spending and interest on debt. By 2042, all of the money you pay in taxes will go to pay the bills for medicare the security. Social security. The system cannot tolerate the numbers we are retiring in. When i was born, there were 16 workers for every retiree. How many today . Three. How many in 20 years . Sen. Graham 2. I am the problem. Im, not married no kids. You have to come up with an immigration system. Design or you can have four kids after you are 67. [laughter] i have one guy races and betty did not understand the question. [laughter] we better find people to work in this country outside this country. Western europe, japan is going through ....

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CSPAN Key Capitol Hill Hearings March 14, 2015

As noted by the witnesses in Opening Statements and the committee members, one of the challenges that the criminals are out there watching the Internal Revenue service. They realize that they . 1 trillion goes to the irs on an annual basis and 300 74 billion in refunds. It is a very ripe target for them. As iris continues to try and advance its filters in advance to new approaches to the fraud the criminals change because it is a lucrative environment. Our audit staff continues to look at the filters the irs has in place and comment and recommend additional or improved filters. We have seen improvement in some of them, but if he can that it continues to be a major and challenge to keep up with communal enterprise. Thank you very much. This has been a superb panel and thank you for the wonderful work that you are doing in our state particularly for older people. I think ....

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CSPAN Key Capitol Hill Hearings March 13, 2015

Blue, declaring that the victim has want a lottery. In order to declare the winnings, they must first pay the tax to the irs. The lottery scam often, but not always, originates from outside of the United States. In the end, the victims pay the money, but they never received any lottery winnings. Just as serious as these scams the risk of taxpayer refund Identity Theft. The irs has made improvements in identification of Identity Theft returns before fraudulent tax refunds are released. Continued attention is needed to effectively combat this crime. For example, the irs still does not have timely access to thirdparty income and withholding information. Most of the thirdparty information is not received by the irs until well after the taxpayers begin filing returns. The deadline for most information returns with irs is march ....

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CSPAN Key Capitol Hill Hearings March 14, 2015

Some russian making a mistake, a loose nuke idea. Do you lose sleep over that . Director brennan it has the potential for some type of cycle that was not the intention of either side. When there is a lot of violence going on that will provoke a reaction. And just a quick series of reactions to that. Whether we are talking about ukraine or the situation between north and south korea, that spark has the potential. That is why it is important to call attention to these issues. This is the time to try and keep those a bay. Charlie how do you do that . Director brennan very active diplomacy. Sometimes you need to bring to bear various tools of power. The u. S. Has a lot available to it. There are sanctions and other types of international activities. The u. S. Recognizes rightly that there are not unilateral solutions. It is important for us to work with our partners and engage in those multinational countries. Charlie can we include in our partners china . Director brennan absolutely. Chin ....

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