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Article: IRS needs more money to improve enforcement.(Internal Revenue Service)
- Article from:
- Accounting Today
- Article date:
- September 6, 2004
- Author:
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The Internal Revenue Service Oversight Board's 2004 fourth annual report paints a mixed picture of the agency's successes and shortcomings in meeting its goals over the past year.
While the service has improved its assistance programs, the report depicts a weakened and vulnerable IRS enforcement program that is being exploited daily by those wishing to evade the tax law.
For example, in Fiscal Year 2003, the IRS was able to pursue only 18 percent of known cases of abusive devices designed to hide income, leaving an estimated $447 million uncollected. There is also only one chance in four that the IRS will go after an individual who does not file a ...