IRS plans to hire 3,700 auditors to crack down on wealthy tax dodgers

📆 18.09.2023 18:48:00

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📆 18.09.2023 18:48:00
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The agency issued a statement on Friday saying that it would fill positions in more than 250 locations nationwide.

The $80 billion in new funding from last year’s climate-focused Inflation Reduction Act is aimed at rebuilding the agency’s audit capabilities and 1960s-era computer technology after a decade of funding cuts mostly by Republican-controlled Congresses.

It also aims to help close the “tax gap” between taxes owed and those paid, estimated by Treasury at some $600 billion a year, by focusing new audits on the wealthiest Americans.Christopher Sadowski “The IRS is going to hire more data scientists than they ever have for enforcement purposes,” Deputy Treasury Secretary Wally Adeyemo said earlier this year, adding that these would complement more traditional tax attorneys and revenue agents in using new data analytics technology to identify audit targets.The group estimated that between 78% and 90% of the additional $200 billion that the IRS plans to collect will come from small businesses that generate less than $200,000 annually.

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