IRS Will Shut Last Overseas Taxpayer-Assistance Centers
The Internal Revenue Service is closing the last of its overseas taxpayer-assistance centers.
The closing of IRS offices attached to U.S. Embassies in London and Paris, as well as the consulate in Frankfurt, will allow the agency to reassign about a dozen employees to its domestic offices and save about $4 million a year, the IRS said in a statement.
IRS officials said that technological advances in communication have made the overseas field offices expendable. Cases involving more allegations of criminal tax fraud are handled by the IRS Criminal Investigation unit, will not be affected by closing the overseas offices.
Funding for the IRS has been reduced in recent years, even as the agency has been given additional duties administering the federal health-care law. The IRS budget is $10.9 billion for the 2015 fiscal year, $1.2 billion smaller than in 2010. The number of full time IRS employees has also dropped since then which topped 94,000, has dropped below 83,000.
More than 6 million Americans live abroad, and are required to file an annual return.
Original Story at Bloomberg