Despite Budget Cuts, IRS Collects More Money Than Ever

Posted on January 13, 2015

For the third year in a row, the IRS received and collected more revenue in 2013 than in past years.

Gross collections grew 13% to $2.9 trillion dollars while enforcement revenue rose 6% to $53.3 billion dollars.

However, accounts receivable increased by $400 million dollars. The IRS managed to collect more money despite the 7.4% cut in its budget and the loss of more than 1,000 enforcement personnel.

The examination function conducted 6% fewer examinations in 2013.

Individual audits are now at a five year low and revenue from audits is now at a 10 year low. If you are a regular reader of our blogs, I have asked in the past whether you prefer a strong IRS or a weak IRS.

What do you think?