IRS Board Seeks $530M in Added Funding

Washington -- The Internal Revenue Service Oversight Board has petitioned lawmakers for an additional $530 million to its fiscal 2005 budget of $10.7 billion and an additional 3,300 enforcement agents.

The service also requested hiring some 3,300 more enforcement agents in fiscal 2005, compared with the 2,000 additional personnel under President Bush's requested IRS budget.

In testimony before the House Ways and Means Oversight Subcommittee, Oversight Board chair Nancy Killefer said the current fiscal 2005 budget requested by the White House wouldn't be sufficient to maintain strict enforcement and customer service levels.

“The government is missing out on “billions of dollars . . . simply because the IRS does not have the resources to do its job,” said Killefer.

For reprint and licensing requests for this article, click here.
MORE FROM ACCOUNTING TODAY