How Does Additional IRS Funding Impact You?
In August 2022, Congress passed the Inflation Reduction Act (IRA), which included a provision that increased the IRS budget by $80 billion over the next 10 years. Although over $20 billion was recently cut from the IRS’s budget as part of the debt ceiling bill, the remaining $60 billion accounts for a significant increase from the IRS’s 2021 budget and the long-term tax compliance objectives remain the same. ...
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