Tighter fraud filter needed for Obamacare tax credits: IRS watchdog

[riky]

Tighter fraud filter needed for Obamacare tax credits: IRS watchdog

<p><a href="http://news.yahoo.com/tighter-fraud-filter-needed-obamacare-tax-credits-irs-230046414--sector.html"><img src="http://l.yimg.com/bt/api/res/1.2/EzZ79CQiufl.pfxPWuaShw--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9NzU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2013-12-03T230046Z_1_CBRE9B21RXD00_RTROPTP_2_USA-HEALTHCARE-TECHNOLOGY.JPG" width="130" height="86" alt="A busy screen is shown on the laptop of a Certified Application Counselor as he attempted to enroll an interested person for Affordable Care Act insurance in Miami" align="left" title="A busy screen is shown on the laptop of a Certified Application Counselor as he attempted to enroll an interested person for Affordable Care Act insurance in Miami" border="0" /></a>The Internal Revenue Service needs to be better prepared to stop possibly fraudulent claims for tax subsidies that some Americans will soon be able to get under the Affordable Care Act, the tax agency's inspector general said on Tuesday. Beginning in 2014, a tax credit will be available to low- and middle-income individuals to help them pay for health insurance, based on a percentage of income. The credit is meant to help people get coverage in insurance marketplaces being set up by the states and federal government as part of President Barack Obama's healthcare law, known as &quot;Obamacare.&quot; In an audit, the Treasury Inspector General for Tax Administration (TIGTA), said two new IRS systems to catch tax refund fraud are under development.</p><br clear="all"/>

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