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The Internal Revenue Service Administered Corporate Net Operating Losses Efficiently and Effectively; However, Financial Reporting Could Be Improved

Report Information

Date Issued
Report Number
2016-IE-R002
Report Type
Inspection / Evaluation
Joint Report
Yes
Participating OIG
Treasury Inspector General for Tax Administration
Agency Wide
No (location specific)
Questioned Costs
$0
Funds for Better Use
$0
View Report

Recommendations

The Chief Financial Officer should include as a note in other accompanying unaudited information to the financial statements the amount, net present value, and description of the corporate NOL carryforward amounts’ impact on future tax revenues.
Recommendation rejected by IRS