A Treasury Inspector General for Tax Administration (TIGTA) audit has found shortcomings in the way potentially erroneous excess Social Security tax credit claims are handled by the IRS. The audit found that the IRS “paid more than $74 million in potentially erroneous Excess Social Security Tax Credits as a result of incomplete Social Security tax credit selection criteria, insufficient procedures and tax examiner processing errors.” Read the full audit here: https://bit.ly/2utnbbT

By | 2019-03-21T13:53:00+00:00 March 21st, 2019|Federal Tax Posts|Comments Off on 03/21/2019