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
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
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
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 … Continue reading