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Taxed to the Max
By Larry Barrett
2003-04-09
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Taxed to the Max - ' IRS BASE CASE' (
Page 4 of 4 )
Headquarters: 1111 Constitution Avenue NW,
Washington, DC 20224
Phone: (202) 622-7990
Business: Processes more than 130 million tax returns each year
Director of Electronic Tax Administration: Terry Lutes
Financials in 2002: Collected more than $2 trillion in income taxes in fiscal 2001
Challenge: Maintain current e-filing system for individual income tax returns and improve e-filing participation
- Achieve 80% electronic filing of income tax returns by 2007
- Reduce total cost of processing income tax returns by $243 million a year by 2007
- Reduce the cost of collecting $100 in taxes from 39 cents in 2000 to 4 cents by 2007
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