The IRS Has Not Successfully Addressed the Highest Balance Foreign Account Tax Compliance Act Nonfilers

Date Issued

Wednesday, April 8, 2026

Submitting OIG

Treasury Inspector General for Tax Administration

Agencies Reviewed/Investigated

Internal Revenue Service

Report Number

2026-308-009

Report Type

Audit

Agency Wide

Yes

Number of Recommendations

Questioned Costs

Funds for Better Use

$3,930,000

Report updated under NDAA 5274

Open Recommendations

This report has 1 open recommendations.

Recommendation Number	Significant Recommendation	Recommended Questioned Costs	Recommended Funds for Better Use	Additional Details
2	No	$0	$0
The Commissioner, LB&I Division, should assess the compliance risk of ********2********, and the viability of using Form 1099 data to identify Form 8938 nonfilers to improve the compliance efforts of Campaign 896.