The IRS needs to tighten procedures for direct deposit of refunds, according to a recent report. The Treasury Inspector General for Tax Administration (TIGTA) initiated an audit after an internal referral revealed that a program weakness “facilitated an IRS employee being able to divert and steal taxpayer refunds.” TIGTA earlier recommended that the IRS require software developers to modify direct deposit programs. Five vendors didn’t do so. Also needed is a way for taxpayers to seek help when refunds are misdirected. The IRS accepted three TIGTA audit recommendations, including an annual review of processes used by direct deposit software vendors. Here’s the audit: https://bit.ly/3rsW6kx
