Actions Can Be Taken to Better Address Potential Noncompliance for Roth Individual Retirement Arrangement Conversions
Report Information
Date Issued
August 30, 2016
Report Number
2016-10-054
Report Type
Audit
Joint Report
Yes
Participating OIG
Treasury Inspector General for Tax Administration
Agency Wide
Yes (agency-wide)
Questioned Costs
$0
Funds for Better Use
$0
Recommendations
The Director, Exam Field and Campus Policy, Small Business/Self-Employed Division, should clarify guidance and educate AUR Program personnel on Roth IRA conversion issues.
The Director, Exam Field and Campus Policy, Small Business/Self-Employed Division, should update processes and procedures to consider all information that is readily available on IRS system for Roth IRA conversions prior to issuing notices to taxpayers.