IRS Audit – Accounting and Controls Need to be Improved for Excess Collections

News release: “Ninety percent of the records in the Internal Revenue Service (IRS) Excess Collection File (XSF) represent $4.75 billion in credits to which taxpayers no longer have a legal claim. This is a finding in an audit report that the Treasury Inspector General for Tax Administration (TIGTA) publicly released February 4, 2016. The XSF […]