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Money News
Tuesday, December 10, 2013 Tuesday, December 10, 2013 |
From MoneyNews.com:
The U.S. Internal Revenue Service has spent 19 months and more than $8.6 million getting ready to enforce a new law against offshore tax evasion that takes effect next year, but the agency is still not prepared, a watchdog group said.
More IRS computer and staff improvements are needed to administer the Foreign Account Tax Compliance Act, said the Treasury Inspector General for Tax Administration.
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