Obama budget would add 5,100 IRS employees
This week, President Barack Obama submitted his version of the fiscal budget to Congress for consideration. In the document, the White House is asking for big increases to the IRS budget.
This week, President Barack Obama submitted his version of the fiscal budget to Congress for consideration. In the document, the White House is asking for big increases to the IRS budget.
Under the terms of the proposal, the IRS would get an additional 5,100 agents in 2012, as a means to step up tax collection and fight the growing federal deficit.
In addition, the proposal would also be aimed at closing the $300 billion tax gap, the difference between what the IRS collects and what it believes the federal government is owed. As a result, the administration is advocating to increase the IRS budget in 2012 by 9.4 percent, to $13.28 billion, The Wall Street Journal reports. This would bring the agency's employee total to roughly 100,537, an increase of 5 percent.
If approved, the agency's budget in 2010 would be $460 million more than it was the previous year, the news source says.
Republican lawmakers recently submitted their version of the federal budget; however, under their proposal, scientific research, high-speed rail and the IRS would all face steep budget cuts in the coming year.
Related Articles
- Internal Revenue Service shows improvement in compliant pension plans -- The Internal Revenue Service is continuing to tweak its procedures and how it handles the tax code while it continues to battle the war on income taxes and those who attempt to defraud the federal government.
- Japanese couple operating California restaurant get second chance on tax charges -- A case that started with a false statement of income taxes has turned into a significant court ruling that affects immigrants everywhere.
- IRS re-examining innocent spouse rule after woman wins her case -- The "innocent spouse" rule implemented by the Internal Revenue Service is supposed to benefit in-the-dark spouses from being liable for their partner's taxes, but one woman found out things aren't always as they appear.
These articles are all written by TaxLawHome.com's great editors and contributors. If you would like to write articles for TaxLawHome.com, please email editor[at]taxlawhome.com.
- Back Taxes
- Wage Ganishments
- IRS Settlement
- Tax Settlement in your State
- Tax Professionals
- Tax Law Blog
- Tax Law News
- Powerball Lottery Winner to Pay over $150 Million in Taxes
- IRS Delays for Conservative Groups Greater Than Reported Initially
- IRS Targeted Conservative Groups for Inappropriate Reviews
- California man charged with tax evasion after creating internet start-up scam 07/11/2011
- Internal Revenue Service warns of tax fraud committed via email 07/11/2011
- Employees of a Gary, Indiana, tax preparation company charged with alleged tax fraud 07/11/2011
- Atlanta man sentenced to prison for stealing identities, filing false tax returns 07/08/2011
- East Bay prison inmate charged in tax fraud scheme, receives more prison time 07/08/2011
=== More Tax News ===