Your cheatin' heart, as the old country music song goes, will tell on you, but this year, it's a good bet any iffy tax returns might go unnoticed, according to a report by Bloomberg Businessweek.
Five years of relentless budget cuts have pretty much gutted the IRS's ability to conduct audits, provide customer service to confused taxpayers or send out refunds in a timely manner. More than $345 million in cuts will be made in the next nine months, with more than $160 million taken out of enforcement efforts.
As a result of previous cuts, audits in 2013 fell to 0.96 percent. This falloff in audits is predicted to cost the government at least $2 billion in owed taxed this year. Do the math, and you'll find that means for every $1 cut from the IRS budget, the government loses $6 in taxes owed.
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