Budget Blueprint Raises IRS Enforcement Funds

Posted by accountingweb on Mar 19 2007 259 printer friendly

The budget blueprint for fiscal years 2008 through 2012 approved by the Senate Budget Committee provides special treatment to increased funding for IRS tax enforcement.

The budget resolution would allow the government to break its discretionary spending limit for 2008 in order to total up to $399 million specifically earmarked for enforcement, if and when $6.83 billion was already provided for enforcement.

President Bush previously requested $4.93 billion for IRS enforcement in his FY '08 budget.

NAEA E@lert notes that the only binding feature of the budget resolution is its establishment of a spending limit for all discretionary government spending; the appropriations committees will decide how much enforcement funding the IRS will receive.

Voice of the Editor

Even though any accounting auditor would tell you it seems like there are an awful lot of tax accountants out there, surely one-third of the country isn't made up of tax preparers, so it's rather startling news to learn that one-third of Americans like to do their taxes. Who knew?

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