IRS may not be collecting all delinquent taxes.

PositionIRS news

According to a report released by the Treasury Insector General for Tax Administrant (TIGTA). the IRS may be missing opportunities to collect delinquent taxes because it is not always completely researching cases before closing them as uncollectible. If an IRS employee is unable to contact or unable to locate (UTC/UTL) a delinquent taxpayer. the collection case may be closed as currently not collectible (CNC). in the 2012 fiscal year. the IRS closed 482.6 I I tax modules involving approximately S6.7 billion as CNC UTC/CTL.

TIGTA initiated an audit to determine whether the IRS was adequately researching. documenting and approving these...

To continue reading

Request your trial

VLEX uses login cookies to provide you with a better browsing experience. If you click on 'Accept' or continue browsing this site we consider that you accept our cookie policy. ACCEPT