IRS Will Target ‘High-Income’ Tax Evaders with New Funding, Contrary to Social Media Posts

Quick Take The Inflation Reduction Act includes $79 billion for the IRS. Social media posts misleadingly claim the IRS will now hire “87,000 new agents” to investigate average citizens. But most new hires will provide customer services, and enforcement efforts will be aimed at “high-income and corporate tax evaders,” a Treasury Department spokesperson said. Full […]