401kRollover Blog

IRS Listed on Government Accountability Office’s “High Risk” List

Union Loyalties Take Precedence over Customer Service at IRS

The Government Accountability Office (GAO) is responsible for keeping government spending and waste in check for the good of U.S. citizens, and the GAO has listed the IRS on their “high risk” list each year since 1990. This year, the IRS made the list for its ability to enforce our nation’s tax laws correctly.

The IRS paid out $5.8 billion in fraudulent refunds last year, and failed to collect $385 billion that it says it is owed by individuals and corporations.

If you think our nation’s tax police should figure out a way to collect what they are owed instead of asking for more budget money and new tax regulations, Like and Share this post.

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