Collection Takes One Step Forward, Two Steps Back


TAX NOTES

The IRS's enforcement revenue, which has been increasing sharply since 2002, reached $59.2 billion in fiscal year 2007, up 68% from 1998.

But it wasn't all good news for the Service - the total dollar amount of uncollected liabilities reached a 10-year high of $290 billion.

Source: Treasury Inspector General for Tax Administration’s Trends in Compliance Activities Through Fiscal Year 2007, www.ustreas.gov/tigta.

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QUIZ

News quiz: Senate health care bill in the spotlight

Reports related to the Republican bill to repeal many provisions of the PPACA, other tax issues, and the giant AICPA ENGAGE Conference offered a diverse reading list for June. See how much you know about recent news with this short quiz.