The Internal Revenue Service (IRS) made headlines this past year with the news that they would be receiving an additional $80 billion towards their budget over 10 years through the Inflation Reduction Act of 2022. With the IRS facing many of the same issues they have been dealing with for more than six decades, the question remains: what will be different this time?
There has been much discussion as to how the IRS would utilize this budget increase to:
- Update technology infrastructure,
- Attract and retain talent,
- Strengthen enforcement and taxpayer services,
- And more.
Brooks Nelson, Partner and Strategic Tax Leader, and Sarah McGregor, Tax Director, talk with Anne Oliver, Tax Controversy Director, about the current state of the IRS and their potential future plans.
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