IG Audit: IRS Property Seizures Often Violate Law

Monday, 08 Jul 2013 02:16 PM

By Audrey Hudson

Share:
  Comment  |
   Contact Us  |
  Print  
|  A   A  
  Copy Shortlink
A recently released audit of the IRS revealed the agency often failed to comply with the law when seizing and selling personal property to compensate for owed taxes, Forbes reports.

J. Russell George, Treasury inspector general for tax administration, disclosed that 30 percent of the property seizures in a sample survey did not comply with legal mandates in the tax code.

The problems occurred when proceeds from the sale were not applied to the taxpayer's account and letters informing the taxpayer of the sale's proceeds showed incorrect balances due. Some of the sales of the seized property were also not properly advertised.

The IRS top brass was offered an opportunity to review and comment on the findings before the report was released to the public, but declined to do so, Accounting Today reports.

The report comes on the heels of a number of scandals plaguing the agency, including a Las Vegas training seminar that cost taxpayers millions of dollars and showcased videos of workers doing line dancing and re-enacting Star Trek.

The agency is under investigation by a number of congressional committees for blocking conservative groups seeking tax-exempt status.


© 2014 Newsmax. All rights reserved.

Share:
  Comment  |
   Contact Us  |
  Print  
  Copy Shortlink
Around the Web
Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Country
Zip Code:
Privacy: We never share your email.
 
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
Top Stories
You May Also Like

Navy Identifies Pilot Presumed Dead in Crash

Sunday, 14 Sep 2014 20:12 PM

A Navy fighter pilot presumed dead after two jets crashed in the far western Pacific Ocean has been identified.The Navy  . . .

Small Earthquake Rattles Northern California

Sunday, 14 Sep 2014 19:39 PM

A small earthquake rattled parts of Northern California.The U.S. Geological Survey reported a magnitude 3.5 quake struck . . .

Blumenthal: NFL's Goodell 'Should Go If He Lied' on Rice Video

Sunday, 14 Sep 2014 15:41 PM

National Football League Commissioner Roger Goodell should go if he lied about when the league saw a videotape of Ray  . . .

Most Commented

Newsmax, Moneynews, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, NewsmaxWorld, NewsmaxHealth, are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved