Learn more

The Internal Revenue Service (IRS) got an appropriation of much-needed funds to address its backlog and ramp up enforcement. And this week, the agency made it clear who it intended to target with its new resources. CBS reported Thursday that the IRS is rolling out plans for a “new wave of audits” focused on three specific groups of federal tax filers. Thanks to the Inflation Reduction Act’s $80 billion in additional IRS funding over the next 10 years, agents will now have the ability to zero in on large corporations and the super-rich. The agency is emphasizing that filers who make less than $…

cuu