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TREASURY OIG: Treasury Was Not in Compliance with IPERA for Fiscal Year 2015 Due to High Improper Payment Rate for the Earned Income Tax Credit Program 

May 1, 2016

Pursuit's Take

 

Treasury was not in compliance with IPERA for fiscal year 2015 due to IRS not reporting an overall improper payment rate of less than 10 percent for the Earned Income Tax Credit (EITC) program. IRS estimates that 23.8 percent ($15.6 billion) in EITC payments were issued improperly in fiscal year 2015. This is the 5th consecutive year that we have determined that Treasury is noncompliant with IPERA due to IRS’s EITC reporting deficiencies.

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