IRS to release plans for spending $80-billion funding boost ...Middle East

The tax world is getting ready for a detailed IRS breakdown of how it plans to spend the $80 billion it was awarded in Democrats’ Inflation Reduction Act (IRA) passed last year. The $80 billion will be spent over the next ten years and represents the most substantial funding boost for the federal tax collection agency in decades. The IRA breaks the money down into four main categories: $25.3 billion for operations, $3.1 billion to help answer the phones, $4.8 billion for new technology, and a whopping $45.6 billion for enforcement and audits. Get those taxes in: IRS funding boost sets high hopes for smoother tax filing season Beyond those general allotments, it’s up to the IRS a

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IRS to release plans for spending $80-billion funding boost ...Middle East

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