Wed /August 3 2022
The Inflation Reduction Act, tax and spend Democrats in action, allocates the IRS another $80 B over the next ten years. IRS is about where it was in 2010 resource wise. the IRS Commissioner thiinks there is one trillion up for grabs if only he had the resources.
Well he is getting them.
Most folks with any sort of a tax return hire it done. And the IRS has all the 1099s, notice of income as well as W 2s. So I am not sure where all this shadow money comes from.
And auditing an individual return is time consuming, a one on one effort. .I doubt the IRS will show such spectacular results.
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