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Business Briefing / Taxes

IRS is slow to pursue big debts

July 16, 2009|TIMES WIRE REPORTS

The Internal Revenue Service has failed to collect taxes from 18% of those who owe more than $1 million, according to a Treasury Department audit.

Because of computer glitches, 448 of the 2,454 individual taxpayers who owed $1 million or more as of December 2007 were waiting to be processed or had been assigned a lower priority than other cases.

The 448 delinquent accounts totaled $1.2 billion, and almost half had been uncollected for more than a year.

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