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122373 1 (1983-09-16)

handle is hein.gao/gaobactdi0001 and id is 1 raw text is: U.S GENERAL ACCOUNTING OFFICE WASHINGTON, D.C. 20548 FOR RELEASE ON DELIVERY EXPECTED 9:30 A.M. EDT FRIDAY, SEPTEMBER 16, 1983 122373 STATEMENT OF JOHN F. SIMONETTE ASSOCIATE-DIRECTOR ACCOUNTING AND FINANCIAL MANAGEMENT DIVISION BEFORE THE SUBCOMMITTEE ON OVERSIGHT OF THE INTERNAL REVENUE SERVICE COMMITTEE ON FINANCE UNITED STATES SENATE ON OFFSET OF FEDERAL TAX RETURNS Mr. Chairman and members of the Subcommittee, thank you for the opportunity to appear before you to discuss offset of delinquent debts against Federal tax refunds due to debtors. Before discussing the offset issue, I would like to present the Subcommittee with some background information on the magnitude of debts owed the Federal Government and the efforts-underway to stem this growth. Debts owed the Government are enormous and growing each year, with billions of dollars delinquent. Federal agencies reported that, at the start of fiscal .1982, receivables due from U.S. citizens and organizations exceeded $180 billion, over $33 billion of which was delinquent. By the end of fiscal 1982, these amounts had further increased to approximately $200 billion and $38 billion, respectively, with nontax delinquencies totaling about $14 billion. To stem the continued growth in these numbers, the Congress and GAO have long called for strengthened debt collection. We a~4 h~ / #4 A 'f ..0

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