IRS: Enforcement Revenue at an “All-Time High”

Enforcement revenue at the IRS reaches “an all-time high,” according to a new report. A Treasury Inspector General for Tax Administration (TIGTA) audit showed that, in fiscal year 2018, the IRS collected a record $59.4 billion in enforcement revenue. This was despite a 4% decline in agency personnel over FY 2017. More than half ($30.2 billion) of the total revenue was attributed to the use of automation, said TIGTA. “Over the past several years, increases in enforcement revenue have generally been due to an increase in returns filed with a balance due, which are largely handled through automated notices and other substantially automated programs.” Here’s the report: https://bit.ly/2kipxZq  Visit our website for more information!  www.mjscpa.com/news/