On Tuesday, a spending bill was approved by a Senate panel that would provide additional funding for the IRS. As we reported last week, the IRS currently has too much to do, with too little resources, and if the bill passes it could help alleviate the problems the IRS is facing.
The bill would appropriate funds for IRS taxpayer services and tax law enforcement as well as help monetary regulatory agencies enforce Wall Street reforms.
The bill has been approved by the Appropriations subcommittee on financial services and general government. It would provide $12.5 billion dollars to the IRS in 2013 (fiscal year starting in October). This is a six percent increase from 2012 yet still 2 percent less than what the White House has requested.
“Money provided will aid the IRS in meeting an increased demand for services and to make adjustments that will improve taxpayers access to automated self-service applications such as refund inquires, freeing staff to handle more complex tax law inquiries,” states the summary of the bill.
The House version of the bill would only allocate $11.8 billion in IRS funds, which is the same as the current allotment.
The full Appropriations Committee will vote on the Senate bill this Thursday.
While the IRS faces its own unique set of problems, so do United States taxpayers. If you are dealing with an IRS tax problem, contact JG Tax Group today and let us evaluate and resolve your situation.
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