» 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 This material may not be published, broadcast, rewritten or redistributed.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


 
RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 67 321 9,687
MORTGAGES 90 376 12,122
FORECLOSURE NOTICES 0 0 2,278
BUILDING PERMITS 0 580 21,258
BANKRUPTCIES 47 209 7,545
BUSINESS LICENSES 33 92 3,404
UTILITY CONNECTIONS 0 312 11,591
MARRIAGE LICENSES 21 88 2,691

Weekly Edition

Issues | About

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