IRS Budget Set to Be Slashed Again

Unfortunately, Congress is clashing yet again over the state of the IRS budget.  Many are making this out to be an issue of partisan politics, but in fact, it’s an issue that should be completely independent of party lines.  Congress has increased the IRS’s responsibility year-after-year, asking them to monitor new programs and police tax evasion schemes, all the while reducing the budget for doing so.

“Starving the IRS costs the government revenue from tax enforcement, with about a $6 return on every dollar spent.”

In my opinion, this is not — or at least should not be — a partisan issue.  All of us accountants have had to deal with excruciating wait times at the IRS, elimination of hotlines, an increasingly untrained and inexperienced workforce… and the result is to hinder our work with clients.  We’re shooting ourselves in the foot, and setting ourselves up for failure.  “Penny-wise, pound foolish,” as one commenter stated.

If you have sway with your federal representatives, or feel like writing a letter to support increasing the IRS budget, I strongly encourage you to do so.

Source: Republicans Chop IRS Budget Again, Setting Up Clash with Obama | Accounting Today News

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