Budget Cuts to Slow Down IRS
Budget cuts are a common topic these days regarding anything surrounding the United States government, so it goes as no surprise to hear that the IRS is next on the list of drastic budget reductions. On the Wall Street Journal’s blog The Tax Blog, Jonnelle Marte keeps us informed on the latest news in her post IRS Cuts: Good News for Deadbeats?
According to the article, Congress plans to reduce the IRS budget by $500 million in 2012. This drastic cut back in governmental funding will likely prove to be a huge problem for the IRS, which impacts taxpayers across the nation.
Marte summarizes a quote from commissioner Douglas Shulman in which he says the budget cuts “would lead to a 5% to 8% decrease in collection efforts, including audits, which would reduce revenue by about $4 billion.”
And while slacker taxpayers may find a secret joy in the budget cuts, the rest of us can expect sluggish customer service, account resolution slow down and issues organizing payment plans etc.
As we always advise our readers, staying up to date on tax news and laws is a great way to stay ahead of tax problems in the future, especially during a time in which taxpayers can be expecting great delays in the IRS processing.
More Tax Help, IRS News and Tax Relief Tips:
- How to Get IRS Tax Relief from Back Taxes or Unfiled Tax Returns
- Tax News: IRS in Need of More Employees; Expect Process to Slow Down While Workload Amps Up
- Tax Resolution News: IRS Warns Against Frivolous Tax Arguments That Can Incur Severe Penalties
- Tax Help: How to Resolve Your Back Taxes & Prevent Tax Problems If You’re Short on Cash This Season
- Tax Help News Round Up – IRS Amnesty, New Lien Policies, Smart Tax Apps and More!
Tags: Back Taxes, ir budget cuts, IRS budget, IRS help, irs news, irs problems, tax news, tax relief
