Wednesday, April 25, 2012

States review more Federal Tax Returns looking for Additional Revenue.

The Internal Revenue Service made almost 9 billion disclosures of tax returns or return information in calendar year 2011 to Congress, federal agencies, and other entities allowed to receive the information in accordance with the tax code, the Joint Committee on Taxation said April 24.
The total number of disclosures was higher than the 7.03 billion made in 2010, but significantly above the 7.59 billion in 2009 and the 5.42 billion in 2008, according to the JCT's annual disclosure report (JCX-38-12).

Disclosures to individual states represented the highest number of disclosures, at 6.91 billion. Information was released to state tax officials to administer state tax laws.

A copy of the JCT report Disclosure Report For Public Inspection Pursuant To Internal Revenue Code Section 6103(P)(3)(C) for Calendar Year 2011.

1 comment:

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