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The IRS is eliminating a little over 1 million square feet of rented office spac e by 2014 in 43 different office locations.

The reduction of space comes with a monetary break of nearly 40 million dollars for taxpayers, according to the Inte rnal Revenue Service. The reductions are mainly the product of turning larger of fices into smaller offices, therefore allowing the space to be rented out elsewh ere. Complaints of lofty taxpayer expenses have caused the IRS to make cuts when possible. Of all the offices that are expected to close, none of the spaces entail interac ting directly with taxpayers or offering taxpayer assistance. The Internal Reven ue Service expects that the closure of these offices will have minimal effects o n taxpayers due to the nature of the work that is done in them. The closure of t hese offices is expected to save $17.2 million in annual rental costs in 2012 an d $23.5 million in 2013. Because these savings are permanent reductions in costs , the savings are expected to be seen beyond 2013 and well into future years. In 2012, the offices closing equal a total of 715,000 square feet and 230,000 sq uare feet in 2013. In 2011, IRS office space was reduced by a total of 105,000 s quare feet. The Internal Revenue Service has over 650 offices nationwide. The sp ace-cutting initiative is part of a series of rental-saving projects that have b een taking place over the past seven years. These projects have saved $70 millio n dollars annually to date, according to the IRS. Although the IRS is taking steps to reduce taxpayer expenses, the professionals at JG Tax Group can help you if you are having tax problems. If you owe the IRS money and would like to resolve your financial issues, contact us today to get t he help that you need.

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