Thursday, January 7, 2010

Explain This to IRS: Tax Agency Is $32 Billion Short

http://www.sphere.com/nation/article/irs-reduces-delinquent-collections-by-32-billion/19305966?ncid=webmaildl1

Oh yeah rightttttttttt, What a crock of crap and THESE are the people that are supposed to handle the dailies of the health care reform

The Internal Revenue Service suddenly reduced the amount of revenue it reported from delinquent collections by $32 billion, or about 27 percent, providing little information about what happened to the money, according to a report released Wednesday morning.

"There is an astonishing lack of transparency as to what is included in these revenue figures and how they are computed," said National Taxpayer Advocate Nina E. Olson as part of her annual report to Congress. "The failure to highlight and explain revisions of such magnitude erodes confidence in IRS's data reporting."

The IRS reported more than $121 billion in delinquent tax collection revenues from 2005 to 2007. But in its 2008 IRS Data Book, it quietly revised the number downward to less than $89 billion. Olson's report said that was part of a larger picture of the IRS now having a handle on what type of collection activities really bring in revenue.