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Additional Actions Could Improve Compliance With Early Retirement Distribution Tax Requirements

Report Information

Date Issued
Report Number
2020-10-018
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 Commissioner, Small Business/Self-Employed Division, should *************************2******************************** ********************************************2*****************************************************************************2********************************* ********************************************2********************************* ********************************************2******************************************2*********.

The Commissioner, Small Business/Self-Employed Division, Use available data to periodically ***********2**************** ****************2**************. Notices should be sent to taxpayers who inappropriately took an early distribution and did not pay the additional tax.

The Commissioner, Small Business/Self-Employed Division, should consider the feasibility of revising Form 5329 to instruct taxpayers to **********************************2*********************************.c
Recommendation rejected by IRS

The Commissioner, Small Business/Self-Employed Division, should ensure that AUR Program tax examiners **************************2************************************** **************************************2********************************.