Proposed IRS Budget Cuts Could Jeopardize US Tax System

By Ama Sarfo (July 23, 2014, 7:45 PM EDT) -- Republican lawmakers irate over allegations the Internal Revenue Service illegally scrutinized conservative groups' tax-exempt applications recently pushed legislation through the House of Representatives to lop nearly $1.5 billion from the agency's budget, drawing criticism from attorneys who say the move spites Congress as well as the IRS.

GOP lawmakers say the steep budget cuts should be a wake-up call for an agency that has allegedly shown contempt toward taxpayers, but tax attorneys say the budget cuts, if enacted, will have a severe blowback on Congress as they will inhibit the IRS' ability to implement current and future tax legislation and will...

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