IRS Collections From Audits Fall In 2008

By: Associated Press
By: Associated Press
The IRS says its collections from audits and other reviews fell this year for the first time in a decade as the agency focused more of its limited resources on ensuring that people got their economic stimulus checks.

(CBS)

The IRS says its collections from audits and other reviews fell this year for the first time in a decade as the agency focused more of its limited resources on ensuring that people got their economic stimulus checks.

Overall, collections dropped about 4.7 percent -- to $56.4 billion for the fiscal year that just ended.

The drop occurred after what had been a record-setting year in 2007, which agency officials describe as an anomaly. In addition to its regular duties, the agency issued 117 million payments worth more than $95 billion as part of the federal economic stimulus program this spring, and it did so with about 2 percent fewer officers and agents conducting audits and other reviews.


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