WASHINGTON - A congressional subcommittee on Friday issued a report criticizing the Internal Revenue Service's enforcement efforts on tax-exempt bonds and announced it will probably hold hearings in July on the report's findings.

The General Accounting Office report (GAO/GGD-93-104), which was released by the House Government Operations' Subcommittee on Human Resources and Intergovernmental Relations, concludes that the IRS' bond enforcement program lacks strong centralized management, overall objectives and strategies, and adequate manpower and resources.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.