Washington (May 5, 2003) -- The Internal Revenue Service Oversight Board says that the IRS is at the critical halfway point of its modernization effort, but more effort and greater funding is necessary.

The Board's annual report said that ultimate success hinges on adequate and stable funding. It calls for a 2 percent increase in staffing each year for the next five years, full-funding for the Business Systems Modernization program, and increased IRS productivity.

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