Will New IRS Funding Destroy Tax Payers?

 

Both the US House of Representatives and US Senate have passed the Inflation Reduction Act. The Bill is now headed to President Joe Biden to be signed into law.

 

Over the next 10 years, the IRS will receive:

 

$45.7 Billion for enforcement & collections activities

 

$25.3 Billion to support taxpayer services

 

$4.75 Billion for Business Systems Modernization

 

This has many people scared, so we will go over what’s happening and how you can protect yourself from any changes in IRS Audits.