(Bloomberg) — The IRS is freezing hiring, stopping most overtime pay and warning that during the upcoming filing season about half the phone calls it receives won't be answered.
The spending law signed by President Barack Obama yesterday gives the Internal Revenue Service $10.9 billion for the fiscal year ending Sept. 30, 3 percent less than last year and 12 percent below the administration's request.
"We have found substantial efficiencies in recent years, but there is little left to cut without hitting our core service and enforcement operations," IRS Commissioner John Koskinen wrote today in a message to employees. "This year we will have little choice but to do less with less."
Continue Reading for Free
Register and gain access to:
- Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
