You’d think the Internal Revenue Service would receive your W-2 income information at about the same time you receive it—by late January each year.
It doesn’t. That info often doesn’t arrive at the IRS until late March—tomorrow, March 31, in fact. And that helps explain why the IRS paid $5.8 billion in fraudulent refunds in 2013. It can’t compare the wage information on an early-filed income tax form to the actual employer data.
Even IRS Commissioner John Koskinen thought otherwise until he took over the agency in late 2013.