The Treasury Inspector General for Tax Administration (TIGTA) has weighed in on the IRS’s implementation of the expanded Child and Dependent Care Credit (CDCC). The CDCC was expanded temporarily by the American Rescue Plan Act for Tax Year 2021 for certain taxpayers. But TIGTA, which provides independent oversight of the IRS, issued 11 alerts to the IRS based on a 2019 audit so that the IRS could address processing deficiencies before taxpayers began filing 2021 returns. TIGTA reports that the IRS isn’t addressing all 11, such as updating its filing instructions and publications or revising programming and processes to identify erroneous claims. Read the report: https://bit.ly/3uUCTN8
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