$80 Billion in New Funding: What’s Next for the IRS?

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Robert Kerr of Kerr Consulting LLC discusses how the $80 billion of additional funding for the IRS in the Inflation Reduction Act could be best used by the agency. 

For additional coverage, read these articles in Tax Notes:

• Backlog Thwarted IRS’s ‘Well-Planned’ IT Modernization Strategy
• IRS Urged to Budget for Transparency
• Yellen to Promote New Tax Measures With Speaking Tour
• Tax Professionals See Little to Fear in IRS Hiring Blitz
• CBO: IRS Funding Won’t Generate Much From Taxpayers Under $400K

In our “Editors’ Corner” segment, Sarah-Jane Morin, a partner with Morgan, Lewis & Bockius LLP, chats about her coauthored Tax Notes piece, “How the Definition of Digital Asset Brokers Was Brokered.”

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This episode is sponsored by Avalara. For more information, visit avalara.com/taxnotes.

This episode is sponsored by SafeSend. For more information, visit safesend.com.

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Credits
Host: David D. Stewart
Executive Producers: Jasper B. Smith, Paige Jones
Showrunner and Audio Engineer: Jordan Parrish
Guest Relations: Alexis Hart