PLANET SAVED: Democrats’ IRS Expansion Bill Also Solves Climate Change – Washington Free Beacon

Satire Journalists applaud ‘historic’ victory over existential threat to our nation’s future Andrew Stiles • August 8, 2022 4:00 pm President Joe Biden and his fellow Democrats have finally solved so-called climate change, according to media reports celebrating the Senate passage of the “IRS Expansion” bill over the weekend. While the Senate was still considering … Read more

Wealthy Americans Escape Tax Hikes in Bill But Face Beefed-Up IRS – Wealth Management

(Bloomberg) — Wealthy Americans dodged getting hit by tax increases in the Democrats’ economic package, but they likely will face a much better-funded Internal Revenue Service equipped with new auditors and technology to uncover tax avoidance. Top-earning Americans should be prepared for audit levels they haven’t seen in decades as the agency prepares to train … Read more

Supersizing an incompetent, unaccountable IRS – Washington Times

OPINION: The reconciliation bill Democrats rushed through congress calls for $80 billion in new IRS funding so the agency can hire as many as 87,000 new agents and auditors. That quantity is enough to fill every seat in Washington’s Nationals Park twice. Democrats are doubling the size of the IRS, with most of the new … Read more

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Some Specifics Emerge on How the Senate-Backed Tax-and-Climate Bill Would Impact Agency Staffing Levels –

The federal government is primed to hire tens of thousands of new employees in the coming years under the Democrats’ climate and tax bill the Senate passed on Sunday, though the impact at one agency could be far less impactful than some opponents are claiming.  The Inflation Reduction Act, which cleared the upper chamber of … Read more

IRS Seeks to Improve Federal Tax Information Security – MeriTalk

In a sources sought notice (SSN), the IRS is seeking to improve the security posture of Federal tax information (FTI) and optimize processes to reduce costs and minimize risk to FTI in possession of agency partners. Through the agency’s Office of Safeguards within the Governmental Liaison, Disclosure and Safeguards (GLDS) function of Privacy, Governmental Liaison … Read more

Reconciliation bill includes nearly $80 billion for IRS including enforcement, audits: What that means for taxpayers – CNBC

Senate Democrats on Sunday passed their climate, health and tax package, including nearly $80 billion in funding for the IRS. Part of President Joe Biden‘s agenda, the Inflation Reduction Act allocates $79.6 billion to the agency over the next 10 years. More than half of the money is meant for enforcement, with the IRS aiming … Read more

Categories IRS