IRS IS DOUBLING IN ITS SIZE

IRS is doubling in its size. After the passage of the Inflation Reduction Act, promised by candidate Biden, and passed by President Biden, the administration is going to add over $87 billion into the IRS, as it has been underfunded for years, and is now getting a boost, due to an increased need for tax revenue. IT was touted as a way to prevent the tax cheats from getting away with not paying, but with 87,000 new IRS agents, the ability of the IRS to conduct an audit, will change from the current 600,000 annual audits, to a more robust 1.2 million audits, and those will not be on the rich only. Business owners, and self employed business owners will make up the vast majority of the new audits. IRS is doubling in its size.

IRS TAX AUDIT REPRESENTATION

This huge increase is happening, right when most economist are predicting that the U.S. economy will tip into a recession sometime in 2023. Until the IRS gets more personnel in place to increase its customer services, a problem also exists in the fact that in 2022, only 10 % of all calls to the IRS were even answered. So when taxpayers are alerted of a audit, and they can't get through to someone, it seems a bit of a problem. Small business owners will make up the large brunt of the new audit's that will happen. They are, along with the rich, the ones who exaggerate their expenses, consistently in an effort to reduce what they owe. This according to the IRS website. IRS Tax Audit Representation can be a powerful tool if you are a business owner, or will face the uncertainty of a large tax debt and do not think you can handle it alone. Call for our Audit Services details. 1-888-689-7861

The IRS will be increasing its taxpayers contacts, starting in early 2023. If you have unfiled tax returns, or need help, call for our Tax Resolution Services today.