The Treasury Inspector General for Tax Administration found that 22 to 26 percent of all EITC payments were issued improperly by the IRS last year, costing taxpayers between $13.3 billion to $15.6 billion.
Santa Claus wasn't the only one who was supposed to make a list and check it twice this holiday season. The IRS is riding herd on tax practitioners who claim the Earned Income Tax Credit credit for clients without filing Form 8867.
The Treasury Inspector General for Tax Administration (TIGTA) concluded in a recent report that the IRS needs to step up its tracking efforts to eliminate weaknesses in the security of systems involving taxpayer data.
There's more troubling news for the IRS: A new report released by the Treasury Inspector General for Tax Administration (TIGTA) points out accuracy problems in tax returns prepared for certain taxpayers as part of a special volunteer program.
As the IRS continues to get back on its feet following the sixteen-day federal government shutdown, a new report released October 30 by the TIGTA concluded the IRS needs to improve certain aspects of its continuity program.