Thursday May 19, 2022 – The IRS is accused of wasting billions of dollars in taxpayer money and failing to protect taxpayer data. Can this be true?
A recent report by the Government Accountability Office (GAO) reported 1,694 investigations into the willful unauthorized access of tax data by IRS employee at the same time lawmakers in a Congressional Hearing accused the IRS of billions in misspent funds, huge processing backlogs, and complaints over poor customer service.
The IRS budget is over $14BILLION dollars this year (plus any supplemental funding). No matter the issue, taxpayers are told these problems should be expected given that the IRS is drastically underfunded and understaffed. A mantra repeated so often, it must be true.
Attorney Steven A. Leahy reports on these matters, and more, on Today’s Tax Talk.