Fencing and Caution tape at the Internal Revenue Service (IRS) building in Washington, DC, on January 19, 2022.STEFANI REYNOLDS/AFP via Getty Images The new spending bill from Senate Democrats will funnel nearly $80 billion to the IRS over the next decade. The agency has been understaffed and underfunded, and backed up with unprocessed tax returns. The new funding could ease that and amp up tax audits on wealthy Americans and corporations. For years, the IRS has been sagging under the weight of underfunding, understaffing, and literal mountains of paper.
The Democrats' Big Climate And Tax Bill Could Bring An Extra Benefit — Making Your Tax Refund Come On Time
insider@insider.com (Juliana Kaplan), Business Insider
Wed, 08/10/2022 - 11:40am
Topics: t able to caution internal revenue service irs washington dc january reynolds/afp getty images democrats janet holtzblatt tax policy center irs national taxpayer advocate taxpayer rights irs it inflation reduction act treasury department national taxpayer advocate treasury secretary janet yellen a march congressional budget office republicans fbi president donald trump mar-a-lago business i irs irs irs senate americans center insider the irs olson rettig congress refund agency systems decade problems returns enforcement talk gap unprocessed years funnel wealthy technology set backlog means resources paper told
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