Treasury makes a plea for more I.R.S. funding on Tax Day.

in treasury •  2 years ago  (edited)

The Biden administration continued to push for $80 billion in new funding for the tax collection agency.
1650361727539.jpeg

The Internal Revenue Service started this tax season buried in a backlog of more than 20 million tax returns from previous years.Credit...Patrick Semansky/Associated Press

WASHINGTON — As millions of Americans raced to finish filing their tax returns on Monday, the Biden administration made another plea for Congress to give the Internal Revenue Service more money.

The latest call for funding to modernize the agency and beef up its enforcement staff followed I.R.S. and Treasury Department officials complaints that they are facing an extraordinarily challenging tax season because of staff shortages and the complexity associated with distributing pandemic relief money. The Biden administration’s proposals to provide the I.R.S. with $80 billion over a decade have thus far fallen flat in Congress.

“The I.R.S. knew walking into this filing season that it did not have the work force or technology in place to serve the American people the way they deserve — to pick up the phones when taxpayers call, to help them access all the credits and benefits to which they are entitled and to ensure that each and every taxpayer receives their refund quickly,” Natasha Sarin, Treasury’s counselor for tax policy, wrote in a report about Tax Day.

Ms. Sarin said the I.R.S. had collected more than 130 million tax returns from individuals and businesses this year and had disbursed more than $220 billion in refunds. The average refund, as of the week of April 8, was $3,175.

WASHINGTON — As millions of Americans raced to finish filing their tax returns on Monday, the Biden administration made another plea for Congress to give the Internal Revenue Service more money.

The latest call for funding to modernize the agency and beef up its enforcement staff followed I.R.S. and Treasury Department officials complaints that they are facing an extraordinarily challenging tax season because of staff shortages and the complexity associated with distributing pandemic relief money. The Biden administration’s proposals to provide the I.R.S. with $80 billion over a decade have thus far fallen flat in Congress.

“The I.R.S. knew walking into this filing season that it did not have the work force or technology in place to serve the American people the way they deserve — to pick up the phones when taxpayers call, to help them access all the credits and benefits to which they are entitled and to ensure that each and every taxpayer receives their refund quickly,” Natasha Sarin, Treasury’s counselor for tax policy, wrote in a report about Tax Day.

Ms. Sarin said the I.R.S. had collected more than 130 million tax returns from individuals and businesses this year and had disbursed more than $220 billion in refunds. The average refund, as of the week of April 8, was $3,175.

The I.R.S. has been holding job fairs with the aim of hiring 10,000 new employees to clear the backlog by the end of the year.

Despite the Biden administration’s continuing push for more money for the agency, it was not clear if that proposal would make it into any legislation that Democrats could pass. Republicans have staunchly opposed providing the I.R.S. with more funding.

Ms. Sarin said the I.R.S. remained bogged down by antiquated technology and thin resources. She said a lack of funding was fueling a $600 billion annual “tax gap” of revenue that is going uncollected and leaving the entire tax system in a state of distress.

Click Now https://englishhindiblogs.com/

Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!