Today, President Obama released his Fiscal Year 2014 Budget. In spite of the sequester the IRS will actually see an increase in its budget over 2012 levels with one goal in mind - increased enforcement and collection measures.

The budget seeks to fund the IRS at nearly $13 trillion, or $1 billion higher than in 2012 - a year noted for serious and sustained IRS enforcement measures; particularly as applicable to the business community. Anticipated increases in revenue through enhanced complicance measures are expected to be so strong as to generate $4 in revenue for every $1 the IRS spends on collecting revenue and enforcing current federal tax law.

The IRS goal, as stated in the budget, is to increase collections some one billion dollars over the next decade. Needless to say in such an aggressive compliance environment our TIR Answer Center and 2013 Compliance Guide stand ready to help your organization limit its exposure to liabilty arising from an IRS enforcing information reporting laws at a heightened level such as has not been seen in quite some time.

For more on the proposed Fiscal Year 2014 Budget as it relates to the IRS and Treasury Department see here.