IRS Will Change Review of Amended Returns

irs with 1040The IRS will be changing some of the ways they review amended tax returns reflecting refunds due. These changes are a result of a government report that estimates approximately $34.4 million in tax refunds and abatements were inappropriately allowed. The Treasury Inspector General for Tax Administration recommended changes to specific controls, tools and procedures in the IRS examinations, to improve surveying, auditing and documenting reviews of claims for refunds and abatement of taxes. The IRS management agreed to five out of six of the recommendations. Management did not feel there was sufficient benefits to warrant expansion of creating documentation to support the surveys of the exams.

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