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Expect Increased Assessment and Collection of Trust Fund Recovery Penalties

Enforcement of The Trust Fund Recovery Penalty (TFRP) is a source of potential government revenue that, according to the Treasury Inspector General for Tax Administration (TIGTA), needs to be revamped to become more efficient. UnderShow More Summary

The Obamacare Medical Device Tax is Not Working as Planned

The Treasury Inspector General for Tax Administration released a report this week on significant challenges with enforcing the Affordable Care Act’s Medical Device Tax. The medical device tax is a 2.3 percent excise tax on the sale price of qualifying medical devices. Show More Summary

TIGTA: ObamaCare Medical Device Tax Is Raising 25% Less Revenue Than Expected, Rife With Errors

The Treasury Inspector General for Tax Administration today released The Affordable Care Act: An Improved Strategy Is Needed to Ensure Accurate Reporting and Payment of the Medical Device Excise Tax (2014-43-043): The Affordable Care Act includes a tax provision that provides for an excise tax equal to 2.3 percent of...

TIGTA: IRS Puts Confidential Taxpayer Information at Risk By Giving It to Contractors Without Performing Required Background Checks

The Treasury Inspector General for Tax Administration today released Some Contractor Personnel Without Background Investigations Had Access to Taxpayer Data and Other Sensitive Information (2014-10-037): IRS policy requires contractor...Show More Summary

TIGTA: Tax Exempt Tax Deadbeats: Nonprofit Groups Owe the IRS Nearly $1 Billion in Payroll Taxes

The Treasury Inspector General for Tax Administration today released Some Tax-Exempt Organizations Have Substantial Delinquent Payroll Taxes (2014-10-012): IRS records indicate that the majority of tax-exempt organizations pay their Federal taxes. However, a small percentage are not paying their taxes. More than 64,200 (3.8%) tax?exempt organizations had nearly $875 million...

Newly-released IRS emails raise additional questions

(Paul Mirengoff) New documents obtained by Judicial Watch demonstrate that the Treasury Inspector General for Tax Administration sought a key May 2010 internal email ordering the targeting of Tea Party groups. Lois Lerner initially acknowledged the existence of the email, but later denied it. Show More Summary

What's the Ideal Job for an Identity Thief? IRS Tax Examiner!

2 months agoNews : Reason

From the records of the United States Treasury Inspector General for Tax Administration: the ale of a gang of identity thieves working out of the Internal Revenue Service's Northern District of Georgia office. They were busted just before the recent tax season. Show More Summary

TIGTA: IRS's 17% Error Rate in Processing Amended Tax Returns Resulting in $2.1 Billion of Erroneous Tax Refunds

The Treasury Inspector General for Tax Administration yesterday released Amended Tax Return Filing and Processing Needs to Be Modernized to Reduce Erroneous Refunds, Processing Costs, and Taxpayer Burden (2014-40-028): The IRS received more than 4 million amended tax returns in Fiscal Year 2012. This audit was initiated because previous TIGTA...

Yesterday's Tax Reports

IRS Advisory Committee on Tax Exempt and Government Entities (ACT), 2014 Report of Recommendations (Juen 11, 2014) (357 pages) Treasury Inspector General for Tax Administration, Semi-annual Report to Congress (Oct. 1, 2013 - Mar. 30, 2014) (95 pages)

Treasury finds $2.3 Billion of Discrepancies in Alimony Deduction

The Treasury Inspector General for Tax Administration released last week a report detailing the discrepancies between alimony deductions taken and alimony income received. 567,887 tax returns recorded an alimony deduction in 2010, with those deductions totaling over $10 billion. Show More Summary

It Seems So Simple, But It’s Tax

The Treasury Inspector General for Tax Administration has released report, Significant Discrepancies Exist Between Alimony Deductions Claimed by Payers and Income Reported by Recipients. I haven’t decided which reaction bothered me the most. Show More Summary

TIGTA: 47% of Alimony Deductions Claimed Don't Match Alimony Income Reported to IRS

The Treasury Inspector General for Tax Administration yesterday Significant Discrepancies Exist Between Alimony Deductions Claimed by Payers and Income Reported by Recipients (2014-40-022): Individuals who pay alimony can deduct the amount paid from income on their tax return to reduce the amount of tax an individual must pay. Conversely, individuals...

Earned Income Tax Credit Still Plagued with High Error Rate

This week, the Treasury Inspector General for Tax Administration (TIGTA) released their annual report on the EITC improper payments. TIGTA found that in fiscal year 2013, the Earned Income Tax Credit suffered from an improper payment rate of 22 to 26 percent. Show More Summary

TIGTA: IRS Again Fails to Comply With Statutory Mandated Reduction in Improper Payments -- 26% EITC Fraud Costs $16 Billion/Year

The Treasury Inspector General for Tax Administration today released The Internal Revenue Service Fiscal Year 2013 Improper Payment Reporting Continues to Not Comply With the Improper Payments Elimination and Recovery Act (2014-40-027):...Show More Summary

TIGTA: IRS Gave $1 Million in Cash Bonuses to 1,100 Employees

The Treasury Inspector General for Tax Administration has released The Awards Program Co mplied With Federal Regulations, but Some Employees With Tax and Conduct Issues Received Awards (2014-10-007): [B]etween October 1, 2010 and December 31, 2012, more than 2,800 employees with recent substantiated conduct issues resulting in disciplinary action received...

IRS awards more than $1 million in bonuses to tax collector tax cheats

By M.D. Kittle | Watchdog.org The Internal Revenue Service handed out a combined $2.8 million in monetary awards to more than 2,800 agency employees recently disciplined for conduct issues. The Treasury Inspector General for Tax Administration, or TIGTA, also found more than 1,100 of the disciplined employees were given cash incentives or time off even...

WTF Headline Of The Day: Tax-Cheating IRS Staff Got Bonuses

If you read this without saying "umm, what?" read it again... USA Today notes that a report by the Treasury Inspector General for Tax Administration shows the IRS handed out $2.8 million in bonuses to employees with disciplinary issues - including more than $1 million to employees who didn't pay their federal taxes. Show More Summary

None Dare Call It "Targeting"

Except that's precisely what everyone - from the Treasury Dept IG to the IRS Commissioner - have been calling it. Except, of course, when they want you to think otherwise: The May 2013 report by Treasury Inspector General for Tax Administration...Show More Summary

What to Do if You Get a Call from the IRS Asking for Money

Be wary if you get a call from a person purporting to be an IRS agent asking for payment of taxes. The Treasury Inspector General for Tax Administration (TIGTA) warns that we are currently experiencing the "largest ever" telephone scam involving fraudster impersonating IRS agents and extorting money out of innocent taxpayers.... Read Full Post

TIGTA: The IRS Does Not Follow the Law in 48% of Taxpayer Bankruptcy Cases

The Treasury Inspector General for Tax Administration has released Bankruptcy Procedures Designed to Protect Taxpayer Rights and the Government’s Interest Were Not Always Followed (2014-40-013): Impact on Taxpayers The bankruptcy automatic stay provision prohibits the IRS from taking certain collection actions against a debtor (taxpayer) as soon as it learns,...

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