View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Technology
February 3, 1997updated 05 Sep 2016 12:46pm

TAXMAN TRIBULATIONS

By CBR Staff Writer

Lose my file and I’ll do it for free: The New York Times reports that the Internal Revenue Service may have to take a $4bn hit to cover failed attempts to modernize its computer systems. The IRS has found that its customer service representatives must use as many as nine different computer terminals, each of which connects to several different data bases, to resolve problems, according to the paper. The $1.4 trillion tax revenue the US generates each year must be handled by what one IRS official admitted were dysfunctional superannuated applications. The system used to enter data for processing and posting to a taxpayer’s file is 12 years old, for example, and a system that routes payments for deposit is 19 years old. Thirteen internal modernization projects totaling $4bn expenditure are in severe trouble. Seems reason enough to retire to a tropical island while civilization collapses due to the Millenium Bug to us…

Content from our partners
An evolving cybersecurity landscape calls for multi-layered defence strategies
Powering AI’s potential: turning promise into reality
Unlocking growth through hybrid cloud: 5 key takeaways

Websites in our network
Select and enter your corporate email address Tech Monitor's research, insight and analysis examines the frontiers of digital transformation to help tech leaders navigate the future. Our Changelog newsletter delivers our best work to your inbox every week.
  • CIO
  • CTO
  • CISO
  • CSO
  • CFO
  • CDO
  • CEO
  • Architect Founder
  • MD
  • Director
  • Manager
  • Other
Visit our privacy policy for more information about our services, how Progressive Media Investments may use, process and share your personal data, including information on your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.
THANK YOU