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Payment & Collections

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  1. Debt Collection
  2. Dennis Kozlowski
  3. Collective Brands
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  5. Howard Levine
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The 2014 IRS Budget: All About Compliance

The debate over the debt ceiling and federal spending is still raging on in Washington, D.C., and many government agencies are learning to do more with less. Despite having the president sign off on a $600 million budget increase in 2009, the Internal Revenue Service's customer service department leaves a lot to be desired.Most of the cash infusion was to be used for beefing up enforcement personnel: auditors and collections staff. In fact, that budget allowed a 1% decrease in customer service. And I noticed that this was reflected in the longer hold times when calling the IRS.The Treasury Inspector General for Tax Administration (TIGTA) announced the IRS requested approximately $12.9 billion for 2014, the total appropriations amount is about $1 billion more than the 2012 budget.According to TIGTA, the IRS is currently operating under a Continuing Resolution, which provides temporary funding.  However, even this funding had been cut due to sequestration that started March 1 in the form...

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    Developing: The Associated Press said the U.S. government secretly mined two months' worth of phone records in what the wire service called a "serious interference" ...

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