A new report paints a pretty bleak picture at the Internal Revenue Service. In her annual report to Congress, Nina Olson, the national taxpayer advocate, said that consistent budget cuts over the past five years have led to a “devastating erosion of service”—an erosion that will lead to even longer waits on the phone and delayed refunds this filing season. The cuts also hurt the IRS's ability to conduct and close audits. The upside? Fewer audits. The downside? Fewer audits, which suggests less tax revenue, and for those unlucky enough to be audited, the process may take longer than expected.
Read Full Article »
