Lawmakers weigh in on IRS plan for $80 billion funding boost ...Middle East

Cheers from Democrats and lamentations from Republicans are ringing out over the highly anticipated strategic operating plan from the IRS. The plan is the tax collection agency’s roadmap for the $80 billion funding boost it received from Congress in Democrats’ Inflation Reduction Act (IRA). Inside the plan: Here’s how the IRS will spend its $80 billion funding boost The 10-year plan aims to increase taxpayer service and boost audit rates on wealthy individuals and businesses while updating the IRS’s technology and data analytics capabilities. The agency has seen long-term declines in staffing levels, funding levels and in the number of audits it performs. Democrats lauded the

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Last updated : 07 April 2023 clock 12:40 AM

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Lawmakers weigh in on IRS plan for $80 billion funding boost ...Middle East

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