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Mark Loyd Talks Potentially Fraudulent Indiana Tax Refunds in State Tax Notes


Bingham Greenebaum Doll LLP partner Mark A. Loyd was quoted in a recent issue of State Tax Notes concerning the Indiana Department of Revenue’s decision to halt the issuance of $78 million in potentially fraudulent tax refund claims for the 2014 tax season.

The DOR said the decision to halt refund taxes was made after the Special Investigations Unit confirmed at least 39,000 returns involving cases of attempted identity theft. Loyd said that he hasn’t seen this trend of fraudulent refund claims with corporate taxpayers to date, but that doesn’t mean it’s not happening. He also said that while the state needed to protect its revenue, honest citizens also needed the money.

“A lot of people depend on the refunds, and I’d be curious as to how they identify whether or not these are fraudulent,” Loyd said.

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To learn more about Mark A. Loyd and his practice, please visit his profile.

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