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Department of the Treasury

Eliminate Paper Tax Processing Utilizing Treasury Lockbox Banks

While great strides have been made recently to get more folks to file online (which substantially reduces labor costs for the government), there's no reason why the remaining paper filings (of which there will always be some) couldn't be digitized by lockbox banks (or the Federal Reserve) servicing the IRS. Since these banks are already processing remittances for deposit, why not have them digitize filings so that they... more »

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