Patrick J. McCann Jr. is a shareholder in the tax controversy and litigation practice at Chamberlain Hrdlicka in Atlanta. (Courtesy photo) IRS' Increased Funding Means More Scrutiny
Since the enactment of the Inflation Reduction Act (IRA), there have been no specific details from the IRS regarding how it intends to use the additional funding to support its enforcement actions. While a report is due from the IRS in early 2023 related to those details, taxpayers and their professional advisors are understandably concerned about what this additional funding means for them.
November 09, 2022 at 01:27 PM
6 minute read
Commentary
With the enactment of Inflation Reduction Act (IRA), Public Law No. 117-69, Congress has given the Internal Revenue Service (IRS) the additional funding it has long sought to fulfill its mission and ensure compliance with the Internal Revenue Code.
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