Search Results : Treasury Inspector General for Tax
Blog Post Results (41-60 of 129)
TIGTA: Tax Preparers and IRS Agents May be Stealing Taxpayer Direct Deposit Refunds
The Treasury Inspector General for Tax Administration has released Processes for the Direct Deposit of Tax Refunds Need Improvement to Increase Accuracy and Minimize Fraud (2012-40-118): In 2011, more than 842,000 taxpayers took advantage of this “split refund” option, which the IRS first offered in 2007. They may split their...
Tax Roundup, 10/23/2012. News of the obvious edition. And…look! Dead squirrels!
Refundable credits are vulnerable to fraud, and IRS can’t recover the fraudulent payments. The Treasury Inspector General for Tax Administration [...]
TIGTA: 1.5 Million Taxpayers Entitled to Relief From Tax Penalties Are Not Given Relief by IRS
The Treasury Inspector General for Tax Administration yesterday released Penalty Abatement Procedures Should Be Applied Consistently to All Taxpayers and Should Encourage Voluntary Compliance (2012-40-113): The Internal Revenue Code imposes a Failure to File (FTF) penalty for failing to file a tax return and a Failure to Pay (FTP) penalty...
TIGTA: IRS's Failure to Timely Process NOL Claims Costs $334 Million/Year in Avoidable Interest Charges
The Treasury Inspector General for Tax Administration yesterday released Delays in Processing Net Operating Loss Cases Resulted in Millions of Dollars in Unnecessary Interest Payments (2012-40-111): Taxpayers who encounter significant financial losses could be in a situation where their deductions exceed their income, creating a net operating loss (NOL) that...
Report Fraud to the IRS? Watchdog Says IRS Flubs Over 100,000 Tips Annually
Reporting fraud to the IRS can be effective and isn’t a waste of time. Yet review the report issued by the watchdog Treasury Inspector General for Tax Administration, you might wonder if it’s worth the bother. Tipping the IRS with evidence of fraud may not produce results. See The Process for Individuals to Report Suspected Tax Law Violations [...]
TIGTA: IRS Does
The Treasury Inspector General for Tax Administration today released The Process for Individuals to Report Suspected Tax Law Violations Is Not Efficient or Effective (2012-40-106): The IRS website for reporting fraud was visited 501,218 times in Fiscal Year 2011, and during that year 116,307 individuals submitted a Form 3949?A, Information...
TIGTA: IRS Agents
The Treasury Inspector General for Tax Administration today released Criminal Investigation’s Firearms Training and Qualification Policies Need to Be Clarified (2012-30-104): In performing the IRS’s law enforcement mission, Criminal Investigation (CI) special agents may be called upon to execute search warrants and arrest those suspected of violating the U.S. tax...
TIGTA: 88 Federal Agencies Have Not Paid Employment Taxes or Filed Returns
The Treasury Inspector General for Tax Administration today released A Concerted Effort Should Be Taken to Improve Federal Government Agency Tax Compliance (2012-30-094): Federal agencies are exempt from paying Federal income taxes; however, they are not exempt from meeting their employment tax deposits and related reporting requirements. As of December...
TIGTA: IRS Needs to Improve Telephone Service to Taxpayers Being Audited
The Treasury Inspector General for Tax Administration today released Improved Toll-Free Telephone Services Should Make It Easier for Taxpayers to Obtain Assistance During a Correspondence Audit (2012-30-093): The Intelligent ContactShow More Summary
TIGTA: Tax Returns Prepared Through IRS's Volunteer Assistance Program had 51% Error Rate
The Treasury Inspector General for Tax Administration yesterday released Ensuring the Quality Review Process Is Consistently Followed Remains a Problem for the Volunteer Program (2012-40-088): The Volunteer Program provides no?cost Federal...Show More Summary
IRS Under Fire for Fraud Detection Apathy
A Treasury department investigation into the process of Tax Identification Numbers registration has unearthed a potential loophole in the process. According to a report by the Treasury Inspector General for Tax Administration (TIGTA),...Show More Summary
TIGTA: IRS Ordered Agents to Ignore Fraud in Issuing $6.8 Billion in Tax Refunds to Individuals Without Social Security Numbers
The Treasury Inspector General for Tax Administration yesterday released Substantial Changes Are Needed to the Individual Taxpayer Identification Number Program to Detect Fraudulent Applications (2012-42-081): In Calendar Year 1996, the IRS created the Individual Taxpayer Identification Number (ITIN) so that individuals who are not eligible to obtain Social Security Numbers...
IRS pays out $6.8 billion in refunds to illegal immigrants
IRS supervisors ignored employees who tried to warn agency higher-ups of fraud in a program designed to collect taxes from immigrants, resulting in the agency paying out potentially bogus refunds.The Treasury inspector general for tax...Show More Summary
741 Tax Returns sent from 1 Address in Florida
In a startling revelation, the Treasury Inspector General for Tax Administration (TIGTA) revealed that investigations into fraud and identity theft have uncovered 741 tax returns in 2010 were submitted to the IRS using only 1 address in Belle Glade, Florida. Show More Summary
Fla. home files 741 tax returns, gets more than $1M in refunds
A single home in Florida filed 741 different tax returns in a single year, receiving more than $1 million in refunds. The Sun Sentinel says the findings were released in a report issued by the Treasury Inspector General for Tax Administration. The independent watchdog group oversees the IRS. "The report really underscores just how bad [...]
TIGTA: IRS
The Treasury Inspector General for Tax Administration today released There Are Billions of Dollars in Undetected Tax Refund Fraud Resulting From Identity Theft (2012-42-080): Undetected tax refund fraud results in significant unintended Federal outlays and erodes taxpayer confidence in our Nation’s tax system. Our analysis of tax returns using characteristics...
Report: Billions More in Tax Fraud Undetected
Tax-related identity theft could be costing the U.S. government more than the IRS has reported, according to a new report by the Treasury inspector general for tax administration.
TIGTA: IRS
The Treasury Inspector General for Tax Administration today released Fiscal Year 2012 Review of Compliance With Legal Guidelines When Conducting Seizures of Taxpayers’ Property (2012-30-072): TIGTA reviewed a random sample of 50 of the 747 seizures conducted from July 1, 2010, through June 30, 2011, to determine whether the IRS...
TIGTA: IRS Did Not Justify 1,000 New Hires to Enforce $438 Billion of New ObamaCare Taxes
The Treasury Inspector General for Tax Administration today released Affordable Care Act: Planning Efforts for the Tax Provisions of the Patient Protection and Affordable Care Act Appear Adequate; However, the Resource Estimation Process Needs Improvement (2012-43-064): The Patient Protection and Affordable Care Act of 2010 and the Health Care and...
TIGTA: 41% of VITA Groups Did Not Meet Performance Goals, But Received Increased Funding From IRS
The Treasury Inspector General for Tax Administration yesterday released Additional Steps Are Needed to Ensure the Volunteer Income Tax Assistance Grant Program Reaches More Underserved Taxpayers (2012-40-049): An analysis of 51 grantees that received VITA Grant Program funding for Fiscal Years 2009 through 2011 showed that of the 51 grantees,...