The IRS wants more people working in tax enforcement. Now it has to find them
The IRS is planning how it will use the $80 billion allocated to the agency under the Inflation Reduction Act — and how it will successfully recruit new employees
IRS Overhaul Aims for Tenfold Increase in Audits of the Wealthy
The IRS hopes to increase tax audits on the wealthiest taxpayers tenfold under the Biden administration’s plan for the agency, according to a senior administration official and the IRS’s new strategic operating plan.
Here’s How the IRS Will Spend its $80 Billion Funding Boost
A large-scale refurbishment of the Internal Revenue Service (IRS) is underway following an allotment of $80 billion to the agency in Democrats’ Inflation Reduction Act passed last year.
IRS unveils plan to crack down on tax cheats, improve service
Tax agency ‘has an opportunity to transform our operations and provide the service that people deserve,’ commissioner says
IRS Releases Plan To Spend $80 Billion—And It Probably Isn’t What You Expect
The IRS has released its strategic operating plan for spending $80 billion in extra funding over the next decade. Here’s a look at what it does—and doesn’t—include.
Here’s why IRS tax audits have declined over the past decade
Audit rates have been on the decline since 2010. Across all income brackets, the audit rate decreased to 0.25% in 2019, down from 0.9% in 2010.
Impact of New IRS Funds Won’t Immediately Be Felt in Audits
Expectations are high that the IRS will beef up tax enforcement with its new $80 billion in multiyear funds from the Inflation Reduction Act, but it will take some time for that to come to fruition.
Mark Everson talks IRS’ recent activities, budget and CPA shortage
Former IRS Commissioner Mark Everson discusses why the IRS visited journalist Matt Taibbi’s home during his Twitter Files testimony on ‘Cavuto: Coast to Coast.’
Supreme Court Case Pits Privacy Against IRS Power to Trace Cash
The US Supreme Court is slated to hear a case Wednesday that will test the reach of privacy protections against the IRS’s power to demand bank account records without ever notifying account holders.
Accountants’ Salaries Are Rising, but It May Not Add Up to More Accountants
Firms hand recent graduates fatter offers and juicier opportunities with more responsibility, while also working to change perceptions, in a bid to boost ranks