February 13, 2018

CNBC: Trump’s Budget May Delay Future Tax Refunds

media mention

The president released his budget Monday for fiscal 2019, proposing $11.1 billion for the Internal Revenue Service, including $2.3 billion for tax filing and compliance applications and $110 million to modernize the agency’s computer systems.

“The real question is whether the base level of funding will be sufficient for the IRS to do its job promptly,” said Matthew Gardner, senior fellow at the Institute on Taxation and Economic Policy.

“The IRS as an institution has been underfunded for years, and this has diminished its capacity to enforce the laws.” Read more