Expectations are high that the IRS will beef up tax enforcement with its new $80 billion in multiyear funds from the Inflation Reduction Act, but it will take some time for that to come to fruition.
The IRS has been able to spend some of the funds for taxpayer services quickly, leading to a smoother tax-filing season this year. However, it will take longer for the IRS to hire and train new enforcement personnel and boost the number of audits on wealthy households and complex businesses.
Of the roughly $80 billion in multiyear funds, $45.6 billion is for enforcement. ...
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