IRS is coming (Read 480 times)

oldfart

IRS is coming
« on: May 02, 2024, 02:23:51 PM »
From CBS NEWS....

The IRS says it is about to ramp up audits as it cracks down on tax cheats and seeks to deliver more revenue into the U.S. Treasury's coffers. But not every group of taxpayers will face more scrutiny, according to IRS commissioner Danny Werfel.

The IRS has been bolstered by $80 billion in new funding directed by the Inflation Reduction Act (IRA), which was signed into law in 2022 by President Joe Biden. The idea behind the new funding was to help revive an agency whose ranks have been depleted over the years, leading to customer service snarls, processing delays and a falloff in audit rates.
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So IRS is supposed to collect more money to add to the treasury, but it cost 80 billion to do it?
What, Me Worry?

hvybarrels

Re: IRS is coming
« Reply #1 on: May 02, 2024, 02:32:00 PM »
I’m becoming clinically undepressed and thinking about beginning it all.