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Search Tags: IRS
Tom O'Rourke, principal with the law firm Miles and Stockbridge, P.C., talks about your 2013 taxes with host Bob Leins.
May 13, 2013
Tags: Lois Lerner
The threat of furloughs is hanging heavy over tens of thousands of federal workers who say they won't be able to pay the bills if forced to stay home for five to 15 days. So, Mike Causey wants to know, is there light at the end of this tunnel?
Furloughs are supposed to save money. But if you wait until the last-minute to notify workers it can be quite costly as the Internal Revenue Service has found out, Senior Correspondent Mike Causey reports.
In a broad move to wring more savings from real estate costs, the IRS announced it will close 43 small offices over the next two years and reduce space at many other larger facilities.IRS also plans to consolidate multiple offices "within the same commuting area" and will increase the use of desk-sharing and telework to save space at other offices.
Two contracts with Unisys that could be worth more than $800 million help the tax agency innovate and become more efficient. The IRS is using the first-of-its-kind in the federal market storage-as-a-service approach to increasing and decreasing the amount of storage it needs based on how busy it is during the year.
If somebody said they could save you nearly $1,800 but that it would cost you $61,000, you probably wouldn't take the deal, right? Unfortunately, the White House and Congress have signed off on it in the form of furloughs, Senior Correspondent Mike Causey says.
The agency has identified five furlough days where it will, essentially, shut down entirely. A memo sent Friday to IRS staff from Acting Commissioner Steven Miller said the furlough days will start in May and continue through August.