Tuesday 19th of September 2017 8:26:32 AM

  • ARRA Impact To IRS

    Monday 29th of October 2012 12:16:36 PM

    The contribution of funds coming from the American Recovery and Reinvestment Act of 2009 (ARRA) to support the spending of the Internal Revenue Service (IRS) for the contracts they made to reprogram their computer systems, update the tax related forms and publications, and to accommodate the taxpayers inquiries on the new tax provisions set by the recovery act by means of customer assistance is the focused of the audit report released by Treasury Inspector General for Tax Administration (TIGTA) recently.

    Here are some of the findings shown by TIGTA’s audit report:

    1. IRS doesn’t have supporting documents to explain their estimated $394,430 invoiced labor hours payment made.
    2. The contract and the actual labor hours billed and paid by the IRS don’t matched with each other.
    3. An estimated total of $927,992 labor charges may have been erroneously paid by the IRS. More details

    TIGTA’s audit report revealed the status of Recovery and Reinvestment Act funds in the hands of the IRS. Above all, this report safeguards the taxpayers from the unauthorized use of the taxes they are returning to the IRS.

     

     

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