Nextgov: IRS Commissioner Calls for Multiyear Funding to Help Recoup Potential $1T Tax Gap

“IRS Commissioner Charles Rettig told senators Tuesday that funding and resource increases would enhance ongoing agency modernization efforts and help put a dent in a tax gap that could exceed $1 trillion annually.

Speaking to the Senate Finance Committee, Rettig said IRS’ responsibilities have increased significantly in the past decade despite routine budget cuts by Congressional appropriators and the loss of 17,000 tax enforcement personnel over the same period.

Resource cuts have helped contribute to the growing tax gap—the amount of uncollected yet legally owed taxes to the U.S. government—that may have more than doubled since 2013 when the agency officially estimated the gap at $441 billion…”

“To remedy the problem, Rettig called on Congress for ‘consistent, timely, adequate and multiyear funding.’

President Joe Biden’s fiscal 2022 discretionary budget request would increase the IRS budget by about 10%, or $1.3 billion over 2021 levels, and would obligate $900 million to tax enforcement purposes. A budget boost could alleviate some of the other pressures the IRS faced in 2021 as the agency’s workforce moved mostly to virtual operations, he said.

Before COVID-19, only 3% of the IRS workforce was telework eligible but it’s 100% now, Rettig said. Even so, during peak tax season, the IRS received as many as 1,500 phone calls per second nationwide, leading to wait times approaching an hour. The IRS too, he said, requires funding to modernize the IT that underpins its tax-collecting system…” Read the full article here.

Source: IRS Commissioner Calls for Multiyear Funding to Help Recoup Potential $1T Tax Gap – By Frank Konkel, April 13, 2021. Nextgov.

0
Tags:

This topic contains 0 replies, has 1 voice, and was last updated by  Jackie Gilbert 1 month ago.

  • Author
    Posts
  • #124477

    Replies viewable by members only

    0

You must be logged in to reply to this topic.

CONTACT US

Questions?. Send us an email and we'll get back to you, asap.

Sending

©2021 MileMarker10, LLC all rights reserved | Community and Member Guidelines | Privacy Policy | About G2Xchange FedCiv

Opportunities. Starting Points.

About our Data

The Vault is a listing of expiring contracts, task orders, etc. within a certain set of parameters, to include:

  • Have an initial total estimated contract value of $10 million or above
  • Federal Civilian Only – DHS, Transportation, Justice, Labor, Interior, Commerce, Energy, State, and Treasury Actions
  • NAICS codes include: 511210, 518210, 519130, 519190, 541511,
    541512, 
    541513, 541519, 541611, 541618,
    541690, 541720, 541990
  • Were modified within the last 12 calendar months
  • The data represented is based on information provided by the government

Who has access? Please note that ALL G2Xchange FedCiv Members will receive access to all basic and much of the advanced data. G2Xchange FedCiv Corporate Members will receive access to ALL Vault content (basic and advanced).

Feedback/Suggestions? Contact us at Vault@G2Xchange.com and let us know what you think. 

G2Xchange FedCiv

Log in with your credentials for G2Xchange FedCiv

Forgot your details?