Report: IRS vendor owed $525 million in back taxes

• The Internal Revenue Service has been doing business with nearly 1,200 vendors that owe back taxes, says a new report.    

  
  Andrew Harrer | Bloomberg | Getty Images
  

  The Internal Revenue Service (IRS) building in Washington, D.C.

   The Internal Revenue Service has been doing business with nearly 1,200 vendors that owe back taxes, including one unnamed contractor that owed a whopping $525 million, a new inspector general's report says.
  Altogether, 1,168 IRS vendors owed back taxes totaling $589 million as of July 2012, according to the report released Tuesday. Only 50 were in a payment plan to pay off their debt. STORY