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2010-07-01 — federaljack.com
"According to the report (PDF), the IRS made a variety of accounting errors last year that “could adversely affect the reliability of its financial statements†and result in “duplicate or erroneous refunds.†Among the mistakes were a “failure to record the receipt of a taxpayer’s $3 million payment†and an $8 billion discrepancy between two accounting systems tracking how much money taxpayers owe. The audit also found a $5.1 billion “unexplained variance†between the total amount the agency took in last year and the amount its detailed tax files said it took in."
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