Washington (May 8, 2003) -- The American tax system is severely over-taxed despite the recent restructuring of the Internal Revenue Service, reports the IRS Oversight Board.

"A steadily increasing demand on tax administrative service, and a steady real decline in IRS resources" is making the IRS more prone to make errors in processing returns and less likely to detect "manipulation" by fraudulent preparers, the Board says in its annual report.

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