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IRS’ Lack of Protocol Loses Billions of Dollars

October 08, 2014  |   Tax News   |   Tags: , ,  

$6.7 Billion is a good sum of money no matter how one looks at it. This is how much money the IRS gave up looking for and declared Currently Not Collectible (CNC) in 2012 according to a report published in August by the Treasury Inspector General for Tax Administration. What surprised many about the report was that the IRS failed to follow protocol thoroughly to track down these unpaid tax dollars.

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