Sunday, November 6, 2011
IRS Budget Cuts
Kiplinger reports that the IRS's budget will be cut back for 2012. The only question is by how much. So far, Congress has deep cuts in mind, but that could change by the time the budget is finalized. It could mean even longer waits on hold when we try to call them. It could possibly mean that the IRS has less resources for collections. The last we heard about that, the plan had been to put more resources into collection, but apparently budget realities could interfere with that. From the government's point of view, putting more resources into collections would be cost-effective, as it would bring in more money than than was spent on it. But don't tell them that. (Sssshhhh!)
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