The Tennessee Department of Labor and Workforce Development announced today it has collected $15.3 million of fraudulent unemployment insurance benefits as a result of the federal Treasury Offset Program.
The TOP allows garnishment of IRS refunds and other federal payments from those who have collected unemployment benefits fraudulently.
“The ability to reclaim these funds that were fraudulently collected is extremely important to the business community because the health of the Unemployment Trust Fund affects the amount of taxes an employer pays,” Burns Phillips, the labor department’s acting commissioner, said in a release.
The total amount of funds intercepted from the IRS since the beginning of the 2013 tax season is $15,378,715.
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