Huge IRS funding boost would be phased in under Biden's plan to snag tax cheats

.cms-textAlign-left{text-align:left;}.cms-textAlign-center{text-align:center;}.cms-textAlign-right{text-align:right;}.cms-magazineStyles-smallCaps{font-variant:small-caps;}

President Joe Biden’s plan to greatly increase funding for the IRS to go after tax cheats would be phased in to give the agency time to absorb the additional resources.

In a report Thursday, the Treasury Department said the IRS would hire thousands of new enforcement agents under its plan, but its staff would never grow by more than a “manageable” 15 percent each year.

The department’s total budget would increase by about 10 percent annually.

But over a decade, the

→ Continue reading at Politico

[ufc-fb-comments url="http://www.newyorkmetropolitan.com/news/huge-irs-funding-boost-would-be-phased-in-under-bidens-plan-to-snag-tax-cheats"]

Latest Articles

Related Articles