Budget cuts have left the IRS high and dry. The Government Accountability Office says the agency has absorbed $900 million in cuts over the past four years. At the...
wfedstaff | April 17, 2015 6:42 pm
Budget cuts have left the IRS high and dry. The Government Accountability Office says the agency has absorbed $900 million in cuts over the past four years. At the same time, the agency is failing to keep up with a growing source of tax revenue: large partnerships. Congress has raised concerns about the extent to which the IRS is able to audit these entities. Jim White, director of tax issues at the GAO, told Federal Drive hosts Tom Temin and Emily Kopp about the partnerships.
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