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American Rescue Plan Act: Review of the Reconciliation of the Child Tax Credit

Audit · Treasury Inspector General for Tax Administration · 2023-06-14 · about Internal Revenue Service

Report

Title
American Rescue Plan Act: Review of the Reconciliation of the Child Tax Credit
Submitting OIG
Treasury Inspector General for Tax Administration
Component agency
Internal Revenue Service
Type
Audit
Publication date
2023-06-14

Recommendations (7)

#StatusText
1ClosedReview all of the 6,833 taxpayers with excess Child Tax Credit identified during our review and take appropriate actions to ensure that the taxpayers receive the correct amount of the Child Tax Credit.
2ClosedIdentify additional taxpayers after May 5, 2022, who received excess Child Tax Credit as a result of tax examiner error and take appropriate actions to ensure that these taxpayers receive the correct amount of the Child Tax Credit.
3ClosedReview the 105 taxpayers who potentially did not receive all of their eligible Child Tax Credit identified during our review and take appropriate actions to ensure that they receive the correct amount of the Child Tax Credit.
4ClosedEvaluate the priority of programming to ensure that processes and procedures are developed to identify and correct tax examiner entries input during the error correction process that exceed statutory limits, including a process to systemically…
5ClosedOn February 17, 2022, we notified IRS management of our concerns with undeliverable payments that post after the processing of the tax return. In these instances, the IRS processed the tax return as if the payment was received by the taxpayer. As a…
6ClosedIdentify taxpayers with advance payments who have yet to file a TY 2021 tax return and send a reminder notice, similar to the Department of the Treasury, using the advance payments as part of the criteria.
7ClosedWork with the Commissioner, Small Business/Self-Employed Division, to create a process to recover potentially erroneous advance payments from taxpayers who have not filed a TY 2021 tax return.

Source

Authoritative
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