Monday August 29, 2022 – The recently passed Inflation Reduction Act awards the IRS $80 Billion, nearly doubling the IRS Budget. Earlier this year Congress approved an increase in IRS budget to add 10,000 employees. But, the IRS has had trouble finding enough bodies to fill the spots.
So, the IRS is set to hire 87,000 new employees AND fill the 50,000 jobs open from retirement. Having problems filling the audit spots would be the best thing for the American people.
The IRS has demonstrated their inability to manage the budget they have. This massive increase in the IRS Budget will not make the IRS great administrators.
Attorney Steven A. Leahy looks at the latest news on Today’s Tax Talk.