A computer program the Internal Revenue Service has been developing to expedite tax-exempt status requests is behind schedule, over budget and not performing all that well either, according to a report from the Treasury Department's in-house watchdog.
The Treasury Department Inspector General for Tax Administration found that the second phase of development of the IRS's Tax Exempt Determination System has run into scheduling delays and the elimination of several of its planned capabilities. The system delivered only $33.5 million of the $73.1 million in benefits initially anticipated in 2004. The cost of development also exceeded the contractor's initial estimate by 26 percent, to the tune of $2.1 million.
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