Who audits the auditors?
According to the report (PDF), the IRS made a variety of accounting errors last year that “could adversely affect the reliability of its financial statements” and result in “duplicate or erroneous refunds.” Among the mistakes were a “failure to record the receipt of a taxpayer’s $3 million payment” and an $8 billion discrepancy between two accounting systems tracking how much money taxpayers owe. The audit also found a $5.1 billion “unexplained variance” between the total amount the agency took in last year and the amount its detailed tax files said it took in.
Maybe they can blame their accounting software?
July 1st, 2010 at 9:55 am
Pass that 5.1 billion to me. I am sure I could do something with it.
July 1st, 2010 at 12:05 pm
I’m sure part of it comes from giving homebuyer tax credits to prisoners.
Why do people keep trusting the government to get things right?
July 1st, 2010 at 6:42 pm
No one understands the tax code. No one. That is by design.