The Treasury Inspector General for Tax Administration (TIGTA), has issued its “Semiannual Report to Congress.” For the second half of fiscal year 2021, TIGTA conducted audits and investigations of the IRS resulting in “recovery, protection and identification of monetary benefits totaling more than $9 billion,” the report said. The report noted concern about the processing of advance Child Tax Credit (CTC) payments, stating that TIGTA seeks to ensure the payments “are accurate and made to only those taxpayers who meet eligibility requirements.” TIGTA is also reviewing how the IRS is addressing “the backlog of unworked returns and inventories.” Here’s the report: https://bit.ly/3pM088j
