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IRS
What $80B in IRS Funding Means for Your Taxes
The most recent edition of the Tax Report was published at the same time that Congress was debating the Inflation Reduction Act; in it, they reviewed the bill's proposed new funding of $80 billion for the Internal Revenue Service.
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More IRS It Employees Will Replace Retirees, Says Treasury. Republican’s “Army”
In response to claims made by Republicans that the Internal Revenue Service (IRS) will hire 87,000 new agents to harass Americans about their taxes, officials from the United States Treasury and tax experts have stated that new hires at the…
11 IRS Call for Action Alert for Probable Tax Fraud
11 Call For Action has issued a critical warning on potential tax fraud breaches.
It is a criminal act that might be committed by anyone. It may happen to you.
Katie Pelton, a consumer reporter for 11 News, sat down with Amanda…
Cindy Axne Supports the “Inflation Reduction Act” at the Iowa State Fair
U.S. Representative Cindy Axne celebrated recent Democratic legislative victories while she was at the Iowa State Fair. These victories include the passage of massive health care and climate change bill.
Axne, a Democrat, gave a speech on…
Yellen Wants $80 Billion in Expenditures in Six Months
An internal Treasury memo that was released on Wednesday revealed that United States Treasury Secretary Janet Yellen has given the head of the Internal Revenue Service the directive to produce a detailed plan for deploying the recently…
There Are Issues at the IRS That Can’t Be Resolved With $80 Billion
The recent Democratic bill on climate and taxes includes an increase in funding for the Internal Revenue Service of an additional $80 billion over 10 years.
This funding increase is intended to enable the IRS to collect more revenue by…
The IRS’s Service Is Being Ruined by Its Misguided Investing in Law Enforcement.
Instead of going toward improvements in technology, more than half of the Inflation Reduction Act's $80 billion in new revenue for the Internal Revenue Service would be allocated to enforcement actions. Amy Pitter, a member of the…
The IRS Is Recruiting New Workers, Not Building an Army
IRS Finance
Additional funding has been approved for the IRS: Approximately $80 billion will be phased in over ten years for the IRS as part of the recently enacted Inflation Reduction Act. According to a Treasury Department analysis from…