» Subscribe Today!
More of what you want to know.
The Daily News
X

Forgot your password?
Skip Navigation LinksHome >
VOL. 128 | NO. 182 | Wednesday, September 18, 2013

IRS Collections From Enforcement Actions Drop

STEPHEN OHLEMACHER | Associated Press

Print | Front Page | Email this story | Comments ()

WASHINGTON (AP) – A Treasury investigator says tax collections from reluctant taxpayers dropped for the second straight year in 2012.

The Treasury inspector general for tax administration says budget cuts at the Internal Revenue Service are resulting in lower revenues for the federal government. The IG released a report Tuesday that says tax collections from enforcement actions dropped by 9 percent in the 2012 budget year, to a little more than $50 billion.

The report says the IRS has shed about 8,000 jobs since 2010. It comes as congressional Republicans are seeking further cuts in the agency's budget.

The IRS says other factors were also at play. For example, the IRS says enforcement collections were unusually high in 2010 and 2011 because of a voluntary disclosure program for people hiding money overseas.

Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Sign-Up For Our Free Email Edition
Get the news first with our daily email


 
Blog Get more from The Daily News
Blog News, Training & Events
RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 65 366 17,721
MORTGAGES 70 417 23,068
FORECLOSURE NOTICES 0 76 4,504
BUILDING PERMITS 210 932 42,157
BANKRUPTCIES 62 299 16,691
BUSINESS LICENSES 19 80 5,781
UTILITY CONNECTIONS 49 305 25,174
MARRIAGE LICENSES 16 96 5,381

Weekly Edition

Issues | About

The Memphis News: Business, politics, and the public interest.