The IRS reported auditing nearly 1 million tax returns in FY 2018, about 0.5% of 196 million tax returns filed during that year’s filing season.
Members of the House Ways and Means Committee and IRS watchdogs have expressed concerns about the size of the agency’s tax gap — hundreds of billions of dollars that go uncollected each year — but disagree how best to close the gap.
In today’s Federal Newscast, amid shrinking budgets and workforce cuts, the IRS has also seen a reduction in tax enforcement.
In today’s Federal Newscast, in their annual report to Congress, Social Security Administration trustees said they expect total costs to exceed income next year, and in all the years beyond that.
In today’s Federal Newscast, TIGTA found the IRS doesn’t always follow its own procedures for reviewing and adjudicating cases of missed filings or under-reported income.
In today’s Federal Newscast, auditors at the Government Accountability Office say the Homeland Security Department has made considerable progress towards fixing management weaknesses.
In today’s Federal Newscast, Rep. Tom O’Halleran (D-Ariz.) said he is on a “journey” to make sure federal agencies don’t abuse federal travel plans.
The IRS is looking at ways to make paying back delinquent debts as easy as making a purchase through commonplace tools like Venmo, or Square’s credit-card readers that plug into smartphones.
The IRS is still reeling from the effects of the 35-day shutdown that ended last month, according to the agency’s taxpayer watchdog office.
In today’s Federal Newscast, there are many Democrats in Congress worried about VA’s new regulations expanding veterans’ access to private care.