Department of the Treasury

Showing 3 ideas for tag "cost reduction"

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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Department of the Treasury

Consolidate Law Enforcement and Security to Treasury

Currently Treasury components such as the Mint, BEP, FinCen, IRS and others have separate enforcement and security functions. It would be better create a Treasury Law Enforcement and Security arm to standardize equipment, training and policy; consolidate patrols; and use economy of scale thinking to reduce costs and achieve better efficiency with implementation of security measures.

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Department of the Treasury

Publications on initial contact

Currently, policy requires that Publication 1 and Notice 609 are sent with the initial contact letter and the appointment confirmation letter during an examination. If these letters were rewritten to include the highlights from the Publication 1 and Notice 609, and then add a reference to the IRS website and the publications online. This would eliminate about four pages of material in every exam, and would only require... more »

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