Budget cuts have left the IRS high and dry. The Government Accountability Office says the agency has absorbed $900 million in cuts over the past four years. At the same time, the agency is failing to keep up with a growing source of tax revenue: large partnerships. Congress has raised concerns about the extent to which the IRS is able to audit these entities. Jim White, director of tax issues at the GAO, told Federal Drive hosts Tom Temin and Emily Kopp about the partnerships.
Tom Temin is the host of The Federal Drive, which airs from 6-10 a.m. on 1500 AM in the Washington, D.C. region and online everywhere. Tom has 30 years experience in journalism, mostly in technology markets. Before coming to Federal News Radio, he was a long-serving editor-in-chief of Government Computer News and Washington Technology magazines.