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American Rescue Plan Act: Continued Review of Premium Tax Credit Provisions

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

Report

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

Recommendations (7)

#StatusText
1OpenThe Commissioner, Wage and Investment Division, and the Commissioner, Small Business/Self-Employed Division, should consider expanding the use of soft notices to address potentially erroneous PTC claims. These notices should provide individuals with…
2OpenThe Commissioner, Wage and Investment Division, should notify the 317,418 taxpayers we identified, who potentially received less PTC than they were entitled or repaid more APTC than required, that they may qualify for additional PTC or overpaid APTC…
2ClosedThe Commissioner, Wage and Investment Division, should notify the 317,418 taxpayers we identified, who potentially received less PTC than they were entitled or repaid more APTC than required, that they may qualify for additional PTC or overpaid APTC…
3OpenThe Commissioner, Wage and Investment Division, should develop processes, such as the use of courtesy letters to notify individuals of their potential eligibility, to proactively assist taxpayers who, based on available tax return and Exchange data,…
3ClosedThe Commissioner, Wage and Investment Division, should develop processes, such as the use of courtesy letters to notify individuals of their potential eligibility, to proactively assist taxpayers who, based on available tax return and Exchange data,…
4ClosedOn October 26, 2022, we notified the Director, Submission Processing, of our concerns regarding taxpayers who are potentially eligible for additional PTC based on their unemployment status during Tax Year 2021. We recommended that the Director,…
5ClosedOn October 25, 2022, we notified the Director, Submission Processing, of our concerns with the draft Tax Year 2022 Form 8962 instructions. We recommended that the IRS revise the instructions to inform taxpayers that they have an option to set a…

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