Recently, the United States Congress passed an important piece of legislation to bolster financial support for the Internal Revenue Service (IRS). That legislation, known as the Inflation Reduction Act, will increase funding to the IRS by $80 billion.
More than half of that funding—roughly $46.5 billion—will be allocated to strengthening tax enforcement. So it’s quite likely that this could result in significant increases in audits and notices sent to taxpayers.
This combine with additional IRS agents it is likely more audits and notices will be sent out.
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