73a3ab3bcf11726e443bdca7837fe9cb Archive

TweetShareSharePin0 Shares When it comes to tax enforcement, I used to believe the Internal Revenue Service could never have too much information. But the agency already collects an incredible amount of information that it underuses or does not use at all. Blame decade-long budget cuts, decades-long underinvestment in technology, and an overly complex tax code.

TweetShareSharePin0 Shares The Internal Revenue Service has limped through yet another tax filing season, reduced to plugging staffing holes in customer service and returns processing by shifting workers around—and thus creating new tax administration gaps. Thanks to months-long delays in processing millions of 2020 tax returns, the agency’s most visible vulnerabilities have shifted from enforcement

TweetShareSharePin0 Shares Congress is moving toward rectifying the decade-long funding crisis at the IRS. The House is on track to adopt President Biden’s proposed $1.6 billion budget increase from the 2021 level (not counting the funds in COVID relief legislation). And the infrastructure framework agreed to by the president and a bipartisan group of senators

TweetShareSharePin0 Shares I—among many others—have called for more money for the Internal Revenue Service to enable it to collect even more money owed to the US Treasury. And I still was stunned by the enormity of President Biden’s proposal to boost the IRS’s budget by $80 billion over the next decade: an increase of more