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VOL. 128 | NO. 182 | Wednesday, September 18, 2013

IRS Collections From Enforcement Actions Drop

STEPHEN OHLEMACHER | Associated Press

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 This material may not be published, broadcast, rewritten or redistributed.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 106 418 11,538
MORTGAGES 135 521 14,424
FORECLOSURE NOTICES 0 0 2,278
BUILDING PERMITS 0 693 24,727
BANKRUPTCIES 53 297 8,729
BUSINESS LICENSES 26 119 3,890
UTILITY CONNECTIONS 0 453 13,909
MARRIAGE LICENSES 13 83 3,114

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