IRS to revamp its operations | Forexlive
The IRS is out with plans for an increased spending of $8.64 billion in next two fiscal years
- IRS will hire 10,121 full-time equivalent employees in fiscal year 2023 and 19,545 employees in fiscal year 2024 with some replacing retirees
- It will hire 1543 new enforcement staff in 2023 and 7239 in 2024
- says they will not increase audit rates on Americans earning under 400,000 from most recent final historical averages after 2018
- IRS criminal investigation staff will remain at current levels of about 3%
- Focused on highlighting improved taxpayer service and responsiveness
- Hiring the accountants, attorneys, and data scientists needed to pursue high-income and high-wealth individuals, complex partnerships and large corporations that are not paying the taxes they owe.
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