In a high-profile Tax Day press conference, President Obama announced an even more aggressive war on tax cheats. Now, the IRS is planning the assault.
By Michael Rozbruch
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It was only a couple of months ago that President Barack Obama, still freshly inaugurated, stood in the White House and announced his plan to go after — and go after aggressively — tax cheats, no matter where they hide their money.
His plan focused
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Obama proposed nearly doubling funds to enforce tax compliance and has asked Congress for a $400 million boost for IRS enforcement activities in fiscal year 2010, to support its goal of cracking down on offshore tax dodgers.
The additional $400 million is an increase of about 8% that would bring the total IRS enforcement budget to around $5.5 billion for FY 2010. By doubling the tax law enforcement budget, the White
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CCH (http://tax.cchgroup.com/) reports:
The IRS is preparing to process an expected surge in refund requests resulting from the enhanced net operating loss (NOL) carryback in the American Recovery and Reinvestment Act of 2009 (P.L. 111-5) (2009 Recovery Act), Linda E. Stiff, deputy commissioner (Services and Enforcement) said on March 30. Stiff also reported that the White House and the Treasury Department are strongly supporting the Service’s international tax enforcement activities. Stiff
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Though slightly down from 2007, tax enforcement number in 2008 were among the highest in a decade.
By Michael Rozbruch
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The large number of tax evasion and audit cases you’re hearing about today isn’t a symptom of yellow journalism.
In fact, the fiscal-year 2008 tax enforcement numbers released by the Internal Revenue Service are among the highest in a decade.
In fiscal-year 2008, the IRS collected $56.4 billion through collection, examination and document-matching efforts.
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