The IRS needs to improve the oversight supplied by its Indian Tribal Government (ITG) function, according to a recent audit. The Treasury Inspector General for Tax Administration recently looked at the effectiveness of the ITG in helping 574 federally recognized tribes plus related entities comply with tax law. In fiscal year 2018, the tribes had gaming revenues of some $34 billion, which is a key focus of compliance work. The audit listed many needed improvements, including stronger internal controls and accountability among the ITG specialists. If implemented, these changes could “enhance the independence and objectivity” of the ITG function. Here’s the audit: https://bit.ly/3pHJRRk Call or visit our website for more information! www.mjscpa.com/
