Lucrative IRS program targeting wealthy tax cheats is withering from lack of funds
An IRS program with a 6-to-1 return on investment is withering from a lack of resources, lawmakers and tax experts told The Hill.
An IRS program with a 6-to-1 return on investment is withering from a lack of resources, lawmakers and tax experts told The Hill.
The Inflation Reduction Act set aside $79 billion to beef up the IRS, leading to concerns about the impact of increased audits in many corners.
The tax season that’s due to open when the Internal Revenue Service begins accepting tax returns next Monday is promising to bring a host of challenges. Tax professionals are largely ready to forge ahead to help their clients get through it, but now they may have trouble getting power of attorney forms processed.
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