Thursday, April 30, 2009

IRS releases 5-year plan

The IRS has released its Strategic Plan for the next 5 years, the two overarching goals of which are to: 1. Improve service to make voluntary compliance easier. 2. Enforce the law to ensure everyone meets their obligations to pay taxes. What does this mean? The government needs money. With tax revenues decreasing due to the current state of the economy, we can expect the IRS to increase efforts to collect from delinquent taxpayers. A summary of the key points of the plan, and some suggestions for taxpayers, is available here.

No comments: