Post Tagged with: "IRS"

Treasury Employees Hit Money Bill’s IRS Funding Cut

WASHINGTON –A planned large cut in Internal Revenue Service (IRS) funding will lead to longer telephone wait times for taxpayers who need their questions answered and see even more disabled and elderly taxpayers turned away from walk-in IRS offices, among other ills, Treasury Employees President Colleen Kelley says.

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OP-ED: How To Raise Money- Tax The Rich, And Audit Them, Too

WASHINGTON –Auditors at the IRS generally do a decent job identifying how much wealthy taxpayers are trying to shortchange Uncle Sam. But the understaffed IRS is only examining a fraction of the returns the wealthy file, just 12.1% of returns reporting over $1 million in income. How much in additional taxes due might the IRS identify if audit rates rose? […]

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