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Search Results : Treasury Inspector General for Tax


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IRS Has No 'Fraud Mitigation Strategy' for Obamacare Tax Cheats

The Internal Revenue Service is tasked with calculating tax credits under the Obamacare program but as of yet, does not have a strategy to mitigate tax return fraud on healthcare subsidies. The Inspector General for the Treasury Department...Show More Summary

TIGTA: IRS's IT Security Has Improved From 'Material Weakness' to 'Significant Deficiency'

The Treasury Inspector General for Tax Administration has released Annual Assessment of the Internal Revenue Service Information Technology Program (2013-20-126): Since last year’s assessment report, the IRS has made progress on improving information security. As a result, the Government Accountability Office made a determination to downgrade information security from a...

TIGTA: IRS Fails to Assess Penalties When Taxpayers Erroneously Claim Tax Credits or Tax Refunds

The Treasury Inspector General for Tax Administration today released The Law Which Penalizes Erroneous Refund and Credit Claims Was Not Properly Implemented (2013-40-123): Congress enacted the erroneous claim for refund or credit penalty (referred to as the erroneous refund penalty) to enhance the IRS’s ability to address the growing number...

TIGTA: Tax Returns Prepared Through IRS Volunteer Programs Had 49% Error Rate

The Treasury Inspector General for Tax Administration today released Inconsistent Adherence to Quality Requirements Continues to Affect the Accuracy of Some Tax Returns Prepared at Volunteer Sites (2013-40-110): The Volunteer Program...Show More Summary

Ex-Con Returns IRS Refund Check Mistake—Only $12B More To Collect

The IRS paid out between $12 and $13 billion in bogus tax credits in 2012, $132 billion over the last decade. So says the Treasury Inspector General for Tax Administration. He claims the IRS is violating Executive Order 13520, which President Obama signed to reduce improper payments. Show More Summary

TIGTA: IRS Cannot Account for 23% of its IT Assets

The Treasury Inspector General for Tax Administration today released Weaknesses in Asset Management Controls Leave Information Technology Assets Vulnerable to Loss (2013-20-089): The IRS Information Technology organization controls more...Show More Summary

TIGTA: 51% Error Rate in Correspondence Audits of Taxpayers

The Treasury Inspector General for Tax Administration today released Actions Are Needed to Strengthen the National Quality Review System for Correspondence Audits (2013-30-099): This audit was initiated to determine the accuracy of the results from the National Quality Review System (NQRS) and how management uses the feedback to enhance the...

TIGTA: Hundreds of Employees of IRS Contractors Owe Millions in Taxes

The Treasury Inspector General for Tax Administration today released Contractor Employees Have Millions of Dollars of Federal Tax Debts (2013-10-082): The IRS requires that its own employees file their Federal tax returns on time and pay any Federal tax debt. However, TIGTA identified hundreds of employees working for IRS contractors...

Ripe for Reform: Improper EITC Payments Exceed $11 Billion per Year

According to the latest report from the Treasury Inspector General for Tax Administration (TIGTA), the IRS is still not compliant with Executive Order 13520 to reduce improper earned income tax credit (EITC) payments: The IRS has made...Show More Summary

TIGTA: IRS Made $133 Billion in Improper EITC Payments in Past Decade, 25% Error Rate Violates Executive Order

The Treasury Inspector General for Tax Administration today released The Internal Revenue Service Is Not in Compliance With Executive Order 13520 to Reduce Improper Payments (2013-40-084): The IRS has made little improvement in reducing improper Earned Income Tax Credit (EITC) payments since being required to report estimates of these payments...

TIGTA: IRS Violated Taxpayer's Rights in 16% of FOIA Requests

The Treasury Inspector General for Tax Administration today released Fiscal Year 2013 Statutory Review of Compliance With the Freedom of Information Act (2013-30-109): The IRS must ensure that the provisions of the Freedom of Information Act (FOIA), the Privacy Act of 1974 (Privacy Act), and Internal Revenue Code (I.R.C.) Section...

IRS "Can't Find" $67 Million Slated for ObamaCare Rollout?

We hoped they looked under the sofa cushions: The IRS is unable to account for $67 million spent from a slush fund established for Obamacare implementation, according to a Treasury Inspector General for Tax Administration (TIGTA) report...Show More Summary

Report: $67 Million Missing from Obamacare Slush Fund

A Treasury Inspector General for Tax Administration report released on Wednesday found that the Internal Revenue Service (IRS) cannot account for $67 million spent from an Obamacare implementation slush fund. "Specifically, the IRS did...Show More Summary

IRS can't account for $67 million to implement Obamacare

Perhaps Sen. Ted Cruz should have read Treasury Inspector General for Tax Administration (TIGTA) report #2013-13-115 during his recent faux filibuster. It doesn't have quite the lilt of Dr. Seuss' "Green Eggs and Ham," which by the way was an interesting choice since the children's book is about a guy who hated something until he actually tried it. Show More Summary

Already IRS Cannot Account for $67 Million From ObamaCare Slush Fund

The ObamaCare debacle hasn’t even been implemented yet, and already: The IRS is unable to account for $67 million spent from a slush fund established for Obamacare implementation, according to a Treasury Inspector General for Tax Administration...Show More Summary

TIGTA: Chief Counsel's Office Is at Risk of Outside Influence on Letter Rulings

The Treasury Inspector General for Tax Administration yesterday released Chief Counsel Should Take Steps to Minimize the Risk of Outside Influence on Its Letter Rulings (2013-10-081): The IRS issues letter rulings that interpret and apply tax laws to a specific set of facts provided by corporations, individuals, and international entities....

IRS Collections From Enforcement Actions Drop

(WASHINGTON) — A Treasury investigator says tax collections from reluctant taxpayers dropped for the second straight year in 2012. The Treasury inspector general for tax administration says budget cuts at the Internal Revenue Service are resulting in lower revenues for the federal government. Show More Summary

TIGTA: Trends in IRS Compliance Activities Through Fiscal Year 2012

The Treasury Inspector General for Tax Administration today released Trends in Compliance Activities Through Fiscal Year 2012 (2013-30-078): This report is a compilation of statistical information reported by the IRS. The data presented in this report provide taxpayers and stakeholders with information about how the IRS focuses its compliance resources...

TIGTA: IRS Must Improve Comprehensiveness, Accuracy, Reliability & Timeliness of Tax Gap Estimate

The Treasury Inspector General for Tax Administration today released The Internal Revenue Service Needs to Improve the Comprehensiveness, Accuracy, Reliability, and Timeliness of the Tax Gap Estimate (2013-IE-R008): Synopsis The Tax Gap is defined as the difference between the true tax liability in any year and the amount of tax...

TIGTA: Implementation of IRS Fraud Prevention System Is Lagging

The Treasury Inspector General for Tax Administration yesterday released Improvements Are Needed to Ensure Successful Development and System Integration for the Return Review Program (2013-20-063): WHY TIGTA DID THE AUDIT The IRS’s current system to detect fraud is the Electronic Fraud Detection System (EFDS). The IRS determined that the EFDS,...

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