Washington (Aug. 5, 2004) — While the Internal Revenue Service has improved in its assistance programs, its enforcement program remains woefully underfunded and undermanned, according to the annual report released by the IRS Oversight Board.
The report said the IRS has to fortify a “weakened and vulnerable” enforcement program, one that was able to pursue just 18 percent of all known abusive tax avoidance cases during 2003, which left a void of roughly $450 million from the remainder of the open cases.
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
Already have an account? Log In
Don't have an account? Register for Free Unlimited Access