In order to put recession-fighting checks into the hands of millions of American...
WASHINGTON - In order to put recession-fighting checks into the hands of millions of Americans, President Donald Trump will rely on a tax agency that has fewer workers, a smaller budget, and the same 1960s-era computer systems it had the last time it was asked to do so.
Now Congress and the Trump administration are piling on more work as they scramble to contain the fallout from the coronavirus, which threatens to plunge the world’s largest economy into recession. Mnuchin on Friday pushed the tax filing deadline for U.S. businesses and households back to July 15 from April 15.
Since then, the IRS has suffered a decade of austerity. Its budget is now 20% smaller when adjusted for inflation than it was in the 2010 fiscal year, according to the advocate’s office. Staffing has likewise fallen 20%, to 73,550 employees. The agency said on Friday that it is closing its 300-plus in-person assistance centers but would continue to process tax returns and help taxpayers “to the greatest extent possible.”
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