Reports

Federal Reserve Board & CFPB OIG

FRB Minneapolis Followed Its Paycheck Protection Program Liquidity Facility Collateral Risk Management Processes and Can Enhance Monitoring and Collection Processes

Full Details: Oversight.gov Report Page

Federal Reserve Board & CFPB OIG

The CFPB Effectively Monitors Consumer Complaints but Can Enhance Certain Processes

Full Details: Oversight.gov Report Page

Audit | 6/24/2024

Department of Defense OIG

Audit of DoD Health Care Personnel Shortages During the Coronavirus Disease–2019 Pandemic

Full Details: Oversight.gov Report Page

Department of Commerce OIG

Independent Program Evaluation of National Institute of Standards and Technology (NIST) Pandemic Relief Program

For the independent program evaluation of National Institute of Standards and Technology (NIST) Pandemic Relief Program, the evaluation objective was to determine whether NIST grantees and subrecipients accounted for and expended pandemic relief funds provided under the Coronavirus Aid, Relief, and Economic Security Act and subsequent funding authorizations in accordance with federal laws and regulations. We contracted with the Institute for Defense Analyses (IDA), an independent firm, to perform this evaluation. Our office oversaw the evaluation’s progress to ensure that IDA performed it in...

Full Details: Oversight.gov Report Page

Inspection / Evaluation | 3/27/2024

Treasury Inspector General for Tax Administration

The IRS Continues to Reduce Backlog Inventories in the Tax Processing Centers

Full Details: Oversight.gov Report Page

Audit | 3/18/2024

Treasury Inspector General for Tax Administration

Action Is Being Taken to Address the System Limitation That Contributed to the Destruction of Tax Year 2019 Paper‑Filed Information Returns

Full Details: Oversight.gov Report Page

Federal Reserve Board & CFPB OIG

FRB Boston Followed Its Processes for Monitoring the Credit Quality of Main Street Lending Program Loans

Full Details: Oversight.gov Report Page

Department of Defense OIG

Management Advisory: DoD Office of Inspector General Review of Other Transaction Agreement W912CG-21-9-0001

Full Details: Oversight.gov Report Page

Treasury Inspector General for Tax Administration

Processing of Recovery Rebate Credit Claims During the 2022 Filing Season

Full Details: Oversight.gov Report Page

Audit | 8/24/2023

1 - Closed

On March 14, 2022, we notified the Director, Submission Processing, Wage and Investment Division, of our concerns regarding the accuracy of COVID Tax Tip 2022-29 regarding Internal Revenue Code §§ 6428B(f) and 6428B(h). Specifically, the guidance states incorrectly that taxpayers can claim the RRC for a shared dependent even if the IRS has already made an advance payment for the dependent. We recommended that the IRS revise the Tax Tip and related Frequently Asked Questions, etc., to state that taxpayers who share qualifying dependents are required to reduce the amount of the RRC claimed by the advance payment issued to either parent on behalf of the dependent.

2 - Closed

The Commissioner, Wage and Investment Division, should review the 274,865 individuals identified where the IRS issued an RRC to potentially ineligible dependents and nonresidents and take the actions needed to recover payments that are determined to be erroneous.

3 - Closed

Continue to periodically issue information on the availability of the RRC and how to claim it through Frequently Asked Questions on IRS.gov, communications with tax return preparers, annual unclaimed refund announcements, etc. until the statutory period for taxpayers to file a Tax Year 2020 and 2021 tax return to claim the RRC has expired.

4 - Closed

Send a letter to the nearly 3 million individuals we identified where the tax return data show the individual is potentially eligible for the RRC encouraging the individuals to amend their Tax Year 2021 return and claim the credit if eligible. The letter should clearly state the eligibility requirements for claiming the RRC in simple terms and direct the individuals to additional resources if needed to assist them in determining whether they are eligible.

Federal Reserve Board & CFPB OIG

The Board and FRB Boston Generally Followed Their Process for Purchasing MSLP Loan Participations but Can Formally Document Some Key Processes

Full Details: Oversight.gov Report Page

Inspection / Evaluation | 7/17/2023

Date Range

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Submitting Agency

State/Local Agency

State (State and Local Reports)

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Agency Reviewed

Related Organizations

Management Challenges

Any Recommendations

Any Open Recommendations

Reports

FRB Minneapolis Followed Its Paycheck Protection Program Liquidity Facility Collateral Risk Management Processes and Can Enhance Monitoring and Collection Processes

The CFPB Effectively Monitors Consumer Complaints but Can Enhance Certain Processes

Audit of DoD Health Care Personnel Shortages During the Coronavirus Disease–2019 Pandemic

Independent Program Evaluation of National Institute of Standards and Technology (NIST) Pandemic Relief Program

The IRS Continues to Reduce Backlog Inventories in the Tax Processing Centers

Action Is Being Taken to Address the System Limitation That Contributed to the Destruction of Tax Year 2019 Paper‑Filed Information Returns

FRB Boston Followed Its Processes for Monitoring the Credit Quality of Main Street Lending Program Loans

Management Advisory: DoD Office of Inspector General Review of Other Transaction Agreement W912CG-21-9-0001

Processing of Recovery Rebate Credit Claims During the 2022 Filing Season

The Board and FRB Boston Generally Followed Their Process for Purchasing MSLP Loan Participations but Can Formally Document Some Key Processes

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