The president’s fiscal 2012 budget released today sets funding for the tax-collection agency at $13.3 billion, an increase of $1.1 billion from 2010, the last time a full appropriation was made for the IRS.
Almost half of the increase, or $460 million, would support the agency’s tax-enforcement programs. Under the plan, the IRS would focus on fighting tax evasion through the use of offshore accounts and cheating by corporate and high-wealth taxpayers. It also would seek out fraudulent tax preparers.
These enforcement efforts would yield $1.3 billion in additional revenue in two years, according to the budget plan. Obama’s budget also proposes other compliance initiatives it estimates would generate $56 billion over the next decade.
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