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Billions in Potential Taxes Went Unaddressed From Unfiled Returns and Underreported Income by Taxpayers That Received Form 1099-K Income

Report Information

Date Issued
Report Number
2021-30-002
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
View Report

Recommendations

The Director, Examination, Small Business/Self-Employed Division, should develop a process to identify Form 1120 fiscal year business underreporters so that these cases will have the opportunity to be identified and worked.
Recommendation rejected by IRS

The Director, Examination, Small Business/Self-Employed Division, should consider adjustments to the Field Case Selection unit process that will allow for more high-dollar business underreporter cases to be examined.
Recommendation rejected by IRS