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Budget Cuts Affect IRS Collection Levels

Agency leaves $385 billion uncollected

As Congress wrestles with the federal budget deficit, lawmakers may be too focused on cutting spending to see an income opportunity. Cuts to the Internal Revenue Service budget are leaving the agency struggling to spot fraud, assist taxpayers and boost collections, according to Nina E. Olson, the national taxpayer advocate. As a result, the IRS may be leaving billions of dollars on the table annually. … Back to Article

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