IRS has an extra $80 billion in its budget — here's where the money could go
Details on the Internal Revenue Service’s spending plans for a major cash influx are about to come to light, Treasury Secretary Janet Yellen said Tuesday.
Yellen spoke Tuesday at the swearing-in ceremony for Danny Werfel, the newly-confirmed IRS commissioner. Werfel “will lead the IRS through an important transition” after the agency “suffered from chronic underinvestment,” Yellen said in prepared remarks. Some of the money will go toward modernizing the taxation experience. By the first five years of the decade-long plan, taxpayers should be able to file all of their tax documents and respond to all IRS notices online, according to a Treasury official.
The IRS has already been hiring more staff, including 5,000 customer service representatives to help with phone service, which has fallen off during the pandemic.
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