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Tag Archives: funding

Increase Audit Chance from IRS with New Budget Hike?

The Inflation Reduction Act is jam-packed with new provisions regarding many things, from climate change to energy usage, and what is most concerning for the public, the new $80 billion funding to the IRS. With this new funding, the IRS … Continue reading

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With the IRS’ New $80 Billion in Funding, Some Say it Should Be Spent on Answering the Phone

If you ever have had to call the IRS for any reason, you know that getting in touch with an employee is next to impossible. Earlier this month President Biden announced the Inflation Reduction Act, which included a plethora … Continue reading

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House Committee Proposes $1B Funding Boost for IRS

The IRS may see an additional $1 billion in funding to improve taxpayer service and technology, as well as make the tax system in general, fairer.  A draft of the House Appropriations Committee’s 2023 Financial Services and General Government funding … Continue reading

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IRS Funding Cut – Taxes Affected

Recently, Congress passed an omnibus spending bill (an omnibus bill seeks to amend, repeal or enact several Acts, and it is characterized by the fact that it has several related but separate parts) that would reduce a budget increase for Continue reading

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