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You are here: Home / Government Contracting News / IRS awarding millions in contracts to businesses with federal tax debt

July 15, 2015 By AMK

IRS awarding millions in contracts to businesses with federal tax debt

The Internal Revenue Service awarded millions of dollars in contracts to corporations with substantial federal tax debt, says a March 26 Treasury Inspector General for Tax Administration, or TIGTA, report that was released last week.

TIGTABeginning in fiscal 2012, federal law was enacted prohibiting the IRS from doing business with companies who had federal tax debt.

“Federal tax debt conveys a contradictory message in relation to the IRS’s mission to ensure compliance with the tax laws,” the report says.

But TIGTA found that the IRS awarded 57 contracts valued at nearly $19 million to 17 corporations who owed federal taxes during fiscal 2012 and fiscal 2013, the report says.

Keep reading this article at: http://www.fiercegovernment.com/story/tigta-irs-awarding-millions-contracts-businesses-federal-tax-debt/2015-06-29

Filed Under: Government Contracting News Tagged With: IRS, tax debt, tax delinquency, TIGTA

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