As part of the Inflation Reduction Act (IRA), the IRS received additional funding that’s already making a big difference in how they enforce tax laws and assist taxpayers. According to IRS Commissioner Daniel Werfel, the new funding has allowed them to take quick and strong action to close the gap in tax enforcement, particularly for […]
New IRS Funding Boosts Enforcement and Taxpayer Assistance Read More »
IRS Commissioner Charles Rettig told members of the House Committee on Oversight and Reform’s Government Operations Subcommittee that the gap between taxes owed and taxes collected by the Internal Revenue Service could be approaching $1 trillion! (Yes, that is TRILLION with a “T”!) During an April 21, 2022, hearing of the subcommittee, Rettig noted updated tax gap
Tax Gap Close to $1 Trillion Read More »
If you have tried to call the IRS any time in the last year or so, our bet is that you are still on hold. With all the changes in the tax laws over the last two years, its dated technology and myriad other factors, the agency simply doesn’t have the money or people to meet
IRS Makes Case For More Funding Read More »