IRS pledges more audits of wealthy, better customer service

Malaysia News News

IRS pledges more audits of wealthy, better customer service
Malaysia Latest News,Malaysia Headlines
  • 📰 wjxt4
  • ⏱ Reading Time:
  • 39 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 19%
  • Publisher: 63%

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.

to develop a plan outlining how the tax agency would overhaul its technology, customer service and hiring processes. Her memo sent instructions to IRS leadership not to increase audit rates on people making less than $400,000 a year annually.

“Given the size and complex nature of these tax filings, this work often requires specialized approaches, and we will make these resources available,” the report said. “We will use data and analytics to improve our understanding of the tax filings of high-wealth individuals.” Robert Nassau, director of the Low Income Taxpayer Clinic at Syracuse University College of Law, said he has seen some noticeable differences.

Additional money for the IRS has been politically controversial since 2013, when the agency during the Obama administration was found to have scrutinized political groups that applied for tax-exempt status. A report by the Treasury Department's internal watchdog found that both conservative and liberal groups were chosen for close review.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

wjxt4 /  🏆 246. in US

Malaysia Latest News, Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

IRS Plan to Spend $80 Billion Includes Real-Time Tax Alerts, Audits of Wealthy PeopleIRS Plan to Spend $80 Billion Includes Real-Time Tax Alerts, Audits of Wealthy PeopleThe IRS unveiled its strategic plan, promising to shift more taxpayer interactions onto digital platforms and add thousands of new enforcement staffers to audit wealthy people and corporations
Read more »

IRS reveals plans to spend $80 billion in new cashIRS reveals plans to spend $80 billion in new cashThe IRS released a 10-year plan Thursday outlining how it plans to spend the $80 billion in new money Democrats pumped into the tax agency as part of last year’s climate change budget law, promising the cash will help go after high-dollar tax cheats and fix the agency’s abysmal customer service.
Read more »

IRS Reveals $80 Billion Overhaul, Including Plans to Go After Wealthy Tax EvadersIRS Reveals $80 Billion Overhaul, Including Plans to Go After Wealthy Tax EvadersThe Internal Revenue Service on Thursday released its $80 billion plan to overhaul the agency into a “digital first” tax collector that provides “world class” service.
Read more »

U.S. IRS to hire nearly 30,000 staff over two years with $80 bln in new fundsU.S. IRS to hire nearly 30,000 staff over two years with $80 bln in new fundsThe U.S. Internal Revenue Service plans to hire nearly 30,000 new employees and deploy new technology over the next two years as it ramps up an $80 billion investment plan to improve tax enforcement and customer service, it said on Thursday .
Read more »

IRS releases $80 billion spending plan, stressing no increased audits for middle classIRS releases $80 billion spending plan, stressing no increased audits for middle classThe IRS released its plan on Thursday for spending the $80 billion in new funding provided by the Democratic Inflation Reduction Act, emphasizing that it won’t be used to drive up audits on the middle class.
Read more »

Here's how the IRS plans to spend its $80 billion in extra fundingHere's how the IRS plans to spend its $80 billion in extra fundingThe 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.
Read more »



Render Time: 2025-02-28 09:33:51