The IRS and the U.S. Treasury Dept. is falling short on targeting possible advance Child Tax Credit (CTC) recipients, according to a Government Accountability Office (GAO) report. The IRS has been conducting various outreach efforts to increase the public’s awareness of advance CTC payments, the report said. “However, IRS and Treasury have not developed a comprehensive estimate of individuals who are potentially eligible for advance CTC payments and the agencies have not set a participation goal,” the GAO said. Such an estimate is essential for the agencies to clarify which populations are at risk of not receiving the payments, it added. Read the GAO report: http://bit.ly/3CpfJPy Call or visit our website for more information! www.mjscpa.com/
