Exposing Hillary So She Won't Get Elected

IRS Charged Taxpayers with $88,576 in Unwarranted Penalties

According to an audit conducted by the treasury inspector general, the IRS slapped taxpayers with $88,576 more in penalties than it was supposed to.

The Internal Revenue Service uses both manual and automated systems to calculate a failure-to-pay penalty based on the outstanding balanced owed to the IRS. The auditors found that there was an error in the computing formula, charging unpaid balances larger penalties.

“Our analysis of the open Automated Non-Master File accounts as of September 29, 2015, identified errors in the formula the Automated Non-Master File uses to calculate penalties The IRS overassessed failure to pay penalties totaling $88,576 on 153 open accounts and underassessed failure to pay penalties totaling $354,153 on 227 accounts. For 338 of the 380 accounts we identified, IRS management indicated that the formula the Automated Non-Master File uses to compute the failure to pay penalty did not include all of the elements needed to correctly compute the penalty for accounts.”

The IRS is looking over the accounts affected by the mistake, and is trying to recompute the penalties.

According to the commissioner of the Wage and Investment Division at the IRS, Kenneh Corbin, reprogramming is going to be necessary before the problem can be corrected, and they will be making changes to the way manual calculation is done.

“The most efficient way the IRS can address the errors that TIGTA identified in the Automated Non-Master File is to continue to enhance the Master File to further reduce the need to manually maintain taxpayer accounts on a separate taxpayer account system,” said Treasury Inspector General for Tax Administration, J. Russell George.

Let’s hope that this problem is corrected and the penalties are levied to the accounts.