IRS Plans Significant Overhaul, Large Tax Enforcement Arm
- The IRS unveiled plans to spend $80 billion to modernize, add more than 30,000 employees, and pursue unpaid taxes owed mostly by wealthy individuals and large corporations.
- The agency will digitize tax filing, expand data collection, improve phone service, and take aim at narrowing the $7 trillion tax gap.
- More than half of the funds will go to enforcement targeting high-income individuals and businesses, though households earning under $400,000 will face no increase in audits.
- The plans are intended to shore up revenue, advance administration policy goals, and revamp an agency that has strained for resources and technical upgrades over the last decade.
- Lawmakers will provide oversight of spending for an agency that has faced political controversy in the past.
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