The Internal Revenue Service generally took reasonable steps to plan for the required sequestration spending cuts in its fiscal year 2013 budget, although it needed to cut back on staffing for taxpayer service, collections and enforcement activity, according to a new government report.

The report, from the Treasury Inspector General for Tax Administration, noted that the IRS was required to submit an operating plan within 30 days of enactment of the annual appropriations legislation. TIGTA’s analysis determined that the IRS achieved the overall savings it planned in each of its operating appropriations. However, because the savings achieved by cost area varied widely from the budgeted amounts, the IRS needed to significantly revise its post-sequestration budget. 

Register or login for access to this item and much more

All Accounting Today content is archived after seven days.

Community members receive:
  • All recent and archived articles
  • Conference offers and updates
  • A full menu of enewsletter options
  • Web seminars, white papers, ebooks

Don't have an account? Register for Free Unlimited Access