The IRS released details on how it plans the $80 billon it's getting to improve operations, promising investments in new technology, hiring more customer service representatives and expanding its ability to audit high-wealth taxpayers.
The IRS released details Thursday on how it plans to use an infusion of $80 billion for improved operations, pledging to invest in new technology, hire more customer service representatives and expand its ability to audit high-wealth taxpayers.
Some improvements have been long expected, such as bringing more paper-based systems online and answering taxpayers' phone calls promptly. Others are more ambitious: continuing to explore ways to create a government-operated electronic free-file tax return system, for example. Since President Joe Biden signed the measure, known as the " the Inflation Reduction Act, " in August, some Republicans have claimed the IRS would use the new money to hire an army of 87,000 tax agents with weapons.
Officials are promising not "to raise audit rates on small businesses and households making under $400,000 per year, relative to historic levels." The report says more than half of the new money - $45.6 billion - will be devoted to pursuing high-wealth individuals and companies. Robert Nassau, director of the Low Income Taxpayer Clinic at Syracuse University College of Law, said he has seen some noticeable differences.
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