If you have been following news from the Inflation Reduction Act, you probably heard news that the IRS received nearly $80 billion in funding over the next decade. There have been reactions of all kinds. In this episode, I look at how the funding is divided among the departments at the IRS. Some of the goals are examinations of high-income individuals, building back the staff from retirement and other departures, and modernizing the IRS computer systems. From there, I debunk some of the rumors regarding the IRS such as how they are building an army or arming their employees. The bottom line is that the IRS will follow the law and the rumors are false.
The Fear Over IRS Funding (procedurallytaxing.com)
Republican IRS fearmongering in Florida is getting scary (nbcnews.com)
Opinion | Inside the IRS ‘Pipeline’ used to process tax returns - Washington Post
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