IRS and EPA sign MOU to help reduce RIN fraud

In Washington, a Memorandum of Understanding (MOU) has been signed between the Internal Revenue Service (IRS) and EPA that creates an agreement to share information about fuel production facilities and fuel program compliance to facilitate policy development, market understanding, data verification for renewable fuel credits, identification and reduction of Renewable Identification Number (RIN) fraud in support of RFS program administration, and identification and reduction of fuel tax credit fraud in support of federal tax administration.