Fraud concerns with Turbo Tax sorted out
FRANKFORT, Ky. (Feb. 13, 2015) — The Kentucky Department of Revenue has begun processing tax returns again after temporarily holding electronically filed returns because of questionable returns being filed through Intuit Inc.’s TurboTax program.
As of yesterday Thursday, Intuit had identified approximately 300 suspicious returns. The department is reviewing those returns and has confirmed approximately 50 returns as being fraudulent. Less than $6,000 has been identified as having already been refunded. The department will pursue remedies to recover those funds.
Since e-filing started on Jan. 20, the Department of Revenue has received more than 575,000 individual returns. Filing electronically is still safe and the quickest way for taxpayers to get their refund, normally within 7-10 days.