The Traderszone Network

Published in TZ Latest News 20 August, 2014 by The TZ Newswire Staff

How the IRS Is Botching Obamacare Tax Collection

The Internal Revenue Service is struggling to collect a new tax that’s critical to financing the president’s health care law – and auditors say the IRS’s flawed collecting process is allowing it to raise only three-quarters or so of the revenue that was originally expected. A new report from the Treasury Inspector General for Tax Administration (TIGTA) flags the enforcement of the medical device excise tax, one of a handful of new taxes imposed under the Affordable Care Act.

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