The Internal Revenue Service has not developed sufficient processes to ensure that more than 61 million tax refunds were directly deposited last tax season to the correct bank account, according to a new report from the Treasury Department’s inspector general.
The Treasury Inspector General for Tax Administration said the IRS places responsibility for compliance with federal direct deposit regulations on the taxpayer and indicated it is the taxpayer’s responsibility to ensure that their tax refunds are directly deposited only into their accounts. TIGTA and representatives from the Treasury’s Financial Management Service, however, believe the IRS is responsible for enforcing the requirement.
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