IRS Made $13 Billion In Improper EITC Payments

The Internal Revenue Service (IRS) made at least $13 billion in improper payments under the Earned Income Tax Credit (EITC) during the fiscal year 2013 and continues to not comply with the Improper Payments Elimination and Recovery Act (IPERA), according to a report from the Treasury Inspector General for Tax Administration that was made public this week. Improper payment estimates lag by three years – IRS Under IPERA, Federal agencies have extensive reporting requirements for any program that has improper payments of more than $100 million, but the IRS has not met all of these requirements nor has it made…