President Obama Calls for More IRS Funding in 2012 Budget

Following the freeze-but-invest theme of his fiscal year (FY) 2012 budget, President Obama is calling for the Internal Revenue Service (IRS) to receive a boost compared to the agency's FY 2010 budget. Increased investments in tax enforcement and information technology (IT) could help make the currently complex tax code fairer while streamlining bureaucracy. Additionally, these improvements would likely raise more revenue for the government and make the agency more user-friendly. The Republican-controlled House, however, will likely stand in the way of the budget request, putting the IRS's future funding in question and potentially jeopardizing these reforms.

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Oversight Board Urges Congress to Give the IRS More Cash than the President Requested

No, not that kind of Cash...

According to a Bureau of National Affairs article (subscription) published today, the Internal Revenue Service's (IRS) Oversight Board publically released its recommendation on the FY 2011 budget this morning. Submitted to the House and Senate appropriations committees last month, the recommendation requests 2.2 percent more funding for the agency than President Obama proposed. The additional resources would go toward taxpayer services and operations support.

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Pettiness Creates Bad Tax Policy

My tax policies leave this much to be desired

Earlier this month, Rep. Jason Chaffetz (R-UT) introduced legislation that would require the government to fire federal workers who fail to pay their taxes, and prevent the government from hiring those with "seriously delinquent tax debts." According to Chaffetz, his proposal is perfectly in keeping with President Obama's recent effort to prevent tax delinquent companies from winning government contracts. Chaffetz's reasoning, however, is grossly oversimplified, and his bill, which is resultantly flawed, looks like a knee-jerk attempt at retribution for the private sector.

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Who's Answering the Phones at the IRS?

Hello...is anybody In There...Just Nod if You Can Hear me

Have you recently tried calling the Internal Revenue Service (IRS) to ask a question about your taxes? If you have, there's a good chance that the IRS never picked up. If you were lucky enough for your call to go through, you likely spent about 12 minutes on hold before you spoke to an IRS representative. National Taxpayer Advocate Nina Olson highlighted these and other problems faced by taxpayers when she testified at a hearing this afternoon in front of the Oversight Subcommittee of the House Committee on Ways and Means.

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Just Saying 'No' to Tax Cheats

This is freaking sweet: President Obama issued a memorandum on Wednesday designed to ensure that companies that are seriously delinquent on their taxes are not awarded federal contracts.

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IRS to Weed out 'Used Car Salesman' Tax Prepares

Trust Me

How much do you trust the fine folks at H&R Block or Jackson Hewitt to properly prepare your taxes? Soon you'll be able to trust them a lot more. According to a Washington Post article published today, the Internal Revenue Service (IRS) "plans to test, register and screen people who get paid to prepare tax returns," as the agency seeks to "crack down on preparers who do shoddy or fraudulent work." The IRS will phase in the changes during the 2011 tax season.

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More Benefits for the TARP'd

Well, this is galling.

The Internal Revenue Service on Friday issued an exception to long-standing tax rules for the benefit of Citigroup and a few other companies partially owned by the government. As a result, Citigroup will be allowed to retain billions of dollars worth of tax breaks that otherwise would decline in value when the government sells its stake to private investors.

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Christmas Comes Early for the IRS

I Pity the Fool that Tries to Avoid Taxes Now

With the House's clearance of the $447 billion omnibus spending bill on Thursday and the Senate expected to pass the same legislation this weekend, the Internal Revenue Service (IRS) is set to finally get that substantial boost in funding this year.

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Over 14,000 Tax Cheats Came Forward Under IRS Amnesty Program

Internal Revenue Service

Yesterday, the Internal Revenue Service (IRS) announced the results of its tax amnesty program that ended on Oct. 15. It turns out some 14,700 taxpayers came forward to report previously undisclosed foreign bank accounts under the voluntary disclosure program the IRS implemented following the U.S. government's settlement with Swiss Bank UBS earlier this year.

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Tax Amnesty Program Ends with Calls for Stricter Legislation

Get out of Jail Free

At the close of business today, the Internal Revenue Service (IRS) stopped accepting applications to its amnesty program from citizens hiding assets overseas. In the wake of UBS's acquiescence to U.S. demands earlier this year to out American clients hiding riches in the Swiss bank, a record number of taxpayers came forward to take advantage of the program. In light of these disclosures, some in Congress are advocating for more forceful tax legislation to help the IRS continue to root out overseas tax shelters.

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