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Treasury: Criminal Restitution Assessment Procedures Require Improvement (IRC §6201)

June 10, 2021, 5:00 AM

Audit initiated to determine if defendants convicted of tax-related crimes are held responsible for the payments of the associated taxes under the Firearms Excise Tax Improvement Act of 2010, the Treasury Inspector General for Tax Administration released June 10. In cases for which the IRS had the authority to assess the restitution ordered, a high percentage of restitution was paid, TIGTA found. However, improvements can be made as the IRS Criminal Investigation (CI) did not always send closing documents to the Small Business/Self-Employed Division for the assessment of restitution, and the Division incorrectly assessed interest and penalties on some restitution-based ...

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