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Entries in Internal Revenue Service (1)

Tuesday
Feb152011

White House Budget Gives IRS a Big Boost

Photo Courtesy - Getty Images(WASHINGTON) -- Student loans take a hit.  So does the program that helps the poor pay for home heating oil.  But not the Internal Revenue Service.

President Obama’s budget has winners and losers, and one of the clear winners is the IRS.

Under the president’s budget plan for 2012, the IRS’s budget is getting a boost of $1.1 billion -- an increase of nearly 10 percent.

The budget summary released by the White House explains that the extra money will help the IRS “improve service to taxpayers” and “make interactions with the IRS more smooth and effective.”

A press release from the Treasury Department explains that the money will help the IRS become more responsive, in part, by improving those toll-free help lines.

“Because new tax cuts aimed at helping taxpayers and stimulating the economy over the last few years have increased the volume of calls to toll-free service lines at the IRS,” the release says, “Treasury’s Budget request includes increased funding to improve service on IRS toll-free service lines.”

The Treasury Department says the funding will also improve enforcement, helping the IRS chase down tax cheats and, in the process, end up saving taxpayers $1.3 billion by the year 2014.

Copyright 2011 ABC News Radio







ABC News Radio