Treasury Inspector General for Tax Administration Report: Oversight of the Low-Income Housing Tax Credit Program Can Be Improved
This January 2022 report assesses the Internal Revenue Service’s (IRS) processes and procedures to ensure Housing Credit agency, building owner, and taxpayer compliance with the Housing Credit and includes recommendations to IRS related to additional system validity checks, establishing an examination selection process for questionable claims, and allocating additional resources for increased compliance monitoring of Housing Credit agencies.
