Proposed IRS Funding Cuts May Cause Enforcement Problems, Deficit to Increase

IRS Commissioner Douglas Shulman recently notified Congress that proposed spending cuts in the fiscal 2012 appropriations would require the IRS to reduce its enforcement staff and would lead to "a direct increase in the nation's deficit of about $4 billion". Shulman also noted that letter response times and telephone customer service for taxpayers contacting the IRS would be adversely affected by the cuts. 

See "Shulman Says IRS Funding Cuts Would Cause 'Noticeable Degradation' In Service, Enforcement," 2011 TNT 201-22 (Oct. 17, 2011).

Posted by Andrew Hodes, Associate Editor, Wealth Strategies Journal.