They need to allocate a portion of funds to answering calls and opening mail. While there are plenty of taxpayers not in compliance, new audits shouldn’t be their priority.
All this crap will do, is add 81,000 IRS bird dogs..really? WE need that, at an added what? $80B in payroll alone, forget about the added IT and other requirements?
Speaking of bad math...
It was $80B that the new IRS which is almost doubled in size will add in spending and was allocated. Insane.And they are not coming for the Billionaire with these resources , trust me. Even Bernie got to the lectern and said how this will not decrease Inflation, naming this bill what they did, was such an obvious shame from jump street.
It looks like you'll have to reign in the fake 'business expenses' then, small biz owners. I have no doubt that NONE of the businesses in the US pay their fair share. The large corporations have bought and paid for a tax code that lets them skate. The small businesses play their game through inflated expense claims and write-offs.
In any event a more robust IRS, which the rethuglicans have been busy trying to kill for decades now, will at least cause filers to think twice about whether their returns are accurate and that will increase revenues.
Who knows but that maybe we'll actually be able to enjoy decent infrastructure and public amenities like every other industrialized country in the world. Would be nice huh?
fake? Everything is fake, for those who are on the dole or envious of those who work for a living.
I am still waiting for my refund from 2019, which the IRS says they are either working on or have lost, depending on who I speak to. What a joke. What is fake is this government that thinks they are helping the public.
All this crap will do, is add 81,000 IRS bird dogs..really? WE need that, at an added what? $80B in payroll alone, forget about the added IT and other requirements?
Actually: "CBO estimates that portions of the Administration’s proposal to increase funding for the IRS by $80 billion over the 2022–2031 period would increase revenues by approximately $200 billion over those 10 years." The fact is that added funding for the IRS (which has been woefully understaffed for years, because guess-which-party) more than pays for itself.
Plus more people might actually get a timely refund. That would be a pleasant change.
Your link states "increased funding". It is actual "restore finding" which has been reduced by conservatives every chance they get ... to improve the odds of not getting audited and caught cheating on taxes.
It looks like you'll have to reign in the fake 'business expenses' then, small biz owners. I have no doubt that NONE of the businesses in the US pay their fair share. The large corporations have bought and paid for a tax code that lets them skate. The small businesses play their game through inflated expense claims and write-offs.
In any event a more robust IRS, which the rethuglicans have been busy trying to kill for decades now, will at least cause filers to think twice about whether their returns are accurate and that will increase revenues.
Who knows but that maybe we'll actually be able to enjoy decent infrastructure and public amenities like every other industrialized country in the world. Would be nice huh?
Spoken like a true socialist. You must have not spent much time outside of the US if you think our infrastructure is not good. I honestly do not believe there is as much evasion that a boatload of IRS will be able to track down that they claim. Their current assessments of under reporting (they assess about 25% of what they can and prioritize the low hanging fruit first) result in an average of about $1,500 in additional taxes per case. The reality is they probably will get cases with less additional revenue that will be harder to discern (and it takes about 5 years to train an agent properly). My guess is that the additional revenue they are counting on will end up less than they anticipate and will take longer to see to fruition (and will likely cost more than they anticipate). I guess it's a good time to have an accounting degree, though.
Actually: "CBO estimates that portions of the Administration’s proposal to increase funding for the IRS by $80 billion over the 2022–2031 period would increase revenues by approximately $200 billion over those 10 years." The fact is that added funding for the IRS (which has been woefully understaffed for years, because guess-which-party) more than pays for itself.
No, the hypothesis is added funding pays for itself. The fact will be bigtime disappointment.
Innocent people and businesses who pay their taxes get audited all of the time and will so with increasing frequency with 80,000 new IRS agents. It's an expensive undertaking to prove your innocence in an IRS audit
It looks like you'll have to reign in the fake 'business expenses' then, small biz owners. I have no doubt that NONE of the businesses in the US pay their fair share. The large corporations have bought and paid for a tax code that lets them skate. The small businesses play their game through inflated expense claims and write-offs.
In any event a more robust IRS, which the rethuglicans have been busy trying to kill for decades now, will at least cause filers to think twice about whether their returns are accurate and that will increase revenues.
Who knows but that maybe we'll actually be able to enjoy decent infrastructure and public amenities like every other industrialized country in the world. Would be nice huh?
Spoken like a true socialist. You must have not spent much time outside of the US if you think our infrastructure is not good. I honestly do not believe there is as much evasion that a boatload of IRS will be able to track down that they claim. Their current assessments of under reporting (they assess about 25% of what they can and prioritize the low hanging fruit first) result in an average of about $1,500 in additional taxes per case. The reality is they probably will get cases with less additional revenue that will be harder to discern (and it takes about 5 years to train an agent properly). My guess is that the additional revenue they are counting on will end up less than they anticipate and will take longer to see to fruition (and will likely cost more than they anticipate). I guess it's a good time to have an accounting degree, though.
Additional funding through coerced audit settlements. Less expensive to pay off the IRS than prove your innocence.
Actually: "CBO estimates that portions of the Administration’s proposal to increase funding for the IRS by $80 billion over the 2022–2031 period would increase revenues by approximately $200 billion over those 10 years." The fact is that added funding for the IRS (which has been woefully understaffed for years, because guess-which-party) more than pays for itself.
No, the hypothesis is added funding pays for itself. The fact will be bigtime disappointment.
Did you take the time to assess it yourself with your amazing tax expertise or are you just regurgitating what your catered news tells you to regurgitate?
The goal is to do anything they can to destroy future business development and innovation. Multi-national corporations that already own 95% of our politicians don't want competition coming from Joe Nobody. Plus, the IRS can now really target all their political opponents in the ways that Obama started during his official 1st term. Now in Obama term 3, they'll have the firepower to really attack those of us that oppose this anti-American leadership we've been getting from DC. It won't matter if you've broken the tax code or not, there is so much ambiguity in the code that all of us are accidentally a cheat if the right perspective is used and enough years are reviewed.
A lot of “defund the tax police” proponents on here.
I just hope they show just as much interest in reviewing the financials of BLM and other Soros funded npos as they demonstrated in auditing conservative PACs during Obama's tenure.
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