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Refund? do i still get one? >> the irs should catch that. if they do or not is an open question. >> if they're trying to catch these people that are far ahead -- >> we don't know that. the irs is truly incompetent. maybe they just send out endless refunds, i don't know. >> they might say, well, we already paid you, remember? we're not going to do it again. >> maybe, maybe. >> it's crazy. expect an audit this year, stewart. >> i live in constant expectation of such. >> going to get worse. >> i believe it is. >> that's why he does a two-hour show every week end. kicking things off today at 11:...

Effect across new england. trurwise, take a look at that, new york city in the 70s. be hintd it a big drop in temperatures. in chicago, only in the 30s this afternoon. let's head back inside. >> maria, thank you very much. next up on the rundown, first they targeted conservatives, now the irs costing taxpayers billions. stuart varney on deck with the latest blunder that will have you seeing red. would you wear this to prom or even your wedding? we're talking about the chicken corsage. some people are wearing it. we are not kidding around. [ male announcer ] this is jowoods' first day of wo...

>> many people could look at this and say, it's a vending machine and they'd be partially right. but mostly wrong. i don't think we dreamed what it can be yet. that's the whole point. you start with this and you start making your way into the future. >> okay. there is a little bit of a catch here. you have to have a medical marijuana i.d. card before you can buy anything. budget cuts are usually not welcome news. but budget cuts at the irs may have you smiling this morning. the agency stretched so thin right now that the likelihood of you getting audited is slim to none. the irs now has the ...

Billion in fraudulent tax returns alone. >> joining us to weigh in stuart varney. >> can you imagine any worse publicity for the irs. they've already got lois lerner refusing to answer questions. the suspicion that the irs intimidated the president's opponents in the last election. the sheer size is mind-boggling. $4 billion of fraudulent refunds sent out in one year. >> how? >> hold on a second. 1,500 investigations last year, up by two-thirds. 200 investigations so far this year. 880 people charged with this fraudulent refund. you asked how does it happen, you get somebody's name. you get so...

Literally thousands of refund demands. they're all bogus. some come back with the money and then move to a different location. that's how it's done. >> can't catch them. >> eric holder himself had a false return filed under his name, the attorney general. two people charged with that in georgia. >> can i throw something out here? now the irs is going to be charged with administering obamacare fees and taxes and they're handing out $4 billion this year. can you imagine what '14, '15 and '16 will look like? >> it's going to get worse. what we need is protection from the incompetent government. $...