As many as 1.2M stimulus payments may have been mistakes
Accounting Today
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Of the 175 million advance Recovery Rebate Credits issued by the IRS in 2021, more than 1.2 million payments worth $1.9 billion may have gone to ineligible people, according to a new TIGTA report, and more of today’s top stories.
And as many as 644,000 eligible taxpayers may not have gotten their checks, according to a new TIGTA report.
In other news today:
The service needs to make changes in its management of taxpayer accounts to reduce the backlog of millions of unprocessed tax returns, according to a new report.
Americans are still benefiting from a raft of pandemic relief measures that are contributing to the biggest tax refunds seen at this point in the filing season in more than a decade.
The competing sustainability standard-setters have come under increasing pressure in recent years to do more to align their sometimes conflicting standards.
The CI division has conducted more than 660 investigations over the past two years.
The board said Thursday that it is still meeting with Chinese authorities to discuss the ability to inspect auditing firms in that country.
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CPA at Haynie & Company CPAs
2yI’m struggling with a payment that was paid to the non custodial parent and the IRS won’t give it to the correct parent. The IRS told me to have the divorced parents work it out between themselves. That didn’t go over so well when I talked to the custodial parent
Maintenance Technician at Watson Clinic LLP
2yThis is their fault this happens because they don't know what they doing
Senior Manager 諮詢顧問經理 at MorganFranklin Consulting
2ySurprised the number wasn't higher.