{"id":110133,"date":"2023-04-09t11:56:45","date_gmt":"2023-04-09t15:56:45","guid":{"rendered":"\/\/www.g005e.com\/?p=110133"},"modified":"2024-08-07t23:09:27","modified_gmt":"2024-08-08t03:09:27","slug":"irs-has-big-plans-for-its-80-billion","status":"publish","type":"post","link":"\/\/www.g005e.com\/2023\/04\/09\/irs-has-big-plans-for-its-80-billion\/","title":{"rendered":"irs has big plans for its $80 billion"},"content":{"rendered":"<p><a href=\"https:\/\/cpatwpe.s3.amazonaws.com\/cpatrendlines\/wp-content\/uploads\/2014\/10\/dollarphotoclub_18418969.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignright size-large wp-image-37607\" src=\"https:\/\/cpatwpe.s3.amazonaws.com\/cpatrendlines\/wp-content\/uploads\/2014\/10\/dollarphotoclub_18418969-590x442.jpg\" alt=\"\" width=\"424\" height=\"318\" srcset=\"https:\/\/cpatwpe.s3.amazonaws.com\/cpatrendlines\/wp-content\/uploads\/2014\/10\/dollarphotoclub_18418969-590x442.jpg 590w, https:\/\/cpatwpe.s3.amazonaws.com\/cpatrendlines\/wp-content\/uploads\/2014\/10\/dollarphotoclub_18418969.jpg 300w, https:\/\/cpatwpe.s3.amazonaws.com\/cpatrendlines\/wp-content\/uploads\/2014\/10\/dollarphotoclub_18418969.jpg 600w, https:\/\/cpatwpe.s3.amazonaws.com\/cpatrendlines\/wp-content\/uploads\/2014\/10\/dollarphotoclub_18418969-290x217.jpg 290w, https:\/\/cpatwpe.s3.amazonaws.com\/cpatrendlines\/wp-content\/uploads\/2014\/10\/dollarphotoclub_18418969-190x142.jpg 190w, https:\/\/cpatwpe.s3.amazonaws.com\/cpatrendlines\/wp-content\/uploads\/2014\/10\/dollarphotoclub_18418969.jpg 1600w\" sizes=\"auto, (max-width: 424px) 100vw, 424px\" \/><\/a><strong>the cbo projects $180 billion more in revenues.<\/strong><\/p>\n<p><em>by 卡塔尔世界杯常规比赛时间 research<\/em><\/p>\n<p>the irs has revealed its strategic operating plan for fy2023-2031, the period when the service will expend the $80 billion infusion granted by the inflation reduction act.<\/p>\n<blockquote><p><b>more: <\/b><a href=\"\/\/www.g005e.com\/2023\/03\/12\/cant-irs-tax-pro-accounts-do-more\/\">can\u2019t irs tax pro accounts do more?<\/a> | <a href=\"\/\/www.g005e.com\/2023\/03\/08\/hello-irs-anybody-home-2\/\">hello? irs? anybody home?<\/a> | <a href=\"\/\/www.g005e.com\/2023\/03\/06\/taxpayer-assistance-centers-need-upgrade\/\">taxpayer assistance centers need upgrade<\/a> | <a href=\"\/\/www.g005e.com\/2023\/03\/02\/at-the-irs-short-on-staff-means-short-on-service\/\">at the irs, short on staff means short on service<\/a> | <a href=\"\/\/www.g005e.com\/2023\/02\/01\/irs-as-sluggish-as-ever\/\">why the irs is still doing data entry by hand<\/a> | <a href=\"\/\/www.g005e.com\/2023\/01\/30\/news-on-irs-is-maybe-sort-of-a-little-bit-good\/\">news on irs is maybe sort of a little bit good<\/a><br \/>\n<strong><img loading=\"lazy\" decoding=\"async\" class=\"alignleft wp-image-49700 size-full\" src=\"https:\/\/cpatwpe.s3.amazonaws.com\/cpatrendlines\/wp-content\/uploads\/2016\/08\/yellow_key_clip_art-e1375897299811-36p-hi-1-e1603911598474.jpg\" alt=\"goprocpa.com\" width=\"39\" height=\"16\" \/><span style=\"color: #b79c00;\">exclusively for pro members. <\/span><\/strong><span style=\"color: #b79c00;\"><a style=\"color: #b79c00;\" href=\"\/\/www.g005e.com\/wp-login.php?redirect_to=\/\/www.g005e.com\/2023\/04\/09\/irs-has-big-plans-for-its-80-billion\/\">log in here<\/a> or <a class=\"external\" style=\"color: #b79c00;\" href=\"http:\/\/goprocpa.com\/\" target=\"_blank\" rel=\"noopener\">2022世界杯足球排名 today<\/a>.<\/span><\/p><\/blockquote>\n<p>the sop is big, but is it big in the right places?<br \/>\n<!--more--><br \/>\nrelatively little of the total budget will be dedicated to the irs\u2019s primary purpose \u2013 to help taxpayers pay what they owe. only 10 percent will go to provide better services.<\/p>\n<ul>\n<li>$3.2 billion is allocated to taxpayer services.<\/li>\n<li>$4.8 billion is earmarked for business systems modernization projects.<\/li>\n<\/ul>\n<p>the other 90 percent will go into<\/p>\n<ul>\n<li>enforcement ($45.6 billion) and<\/li>\n<li>operations support ($25.3 billion).<\/li>\n<\/ul>\n<p><strong>services funds depleted in four years<\/strong><\/p>\n<p>national taxpayer advocate erin m. collins, whose office contributed to the sop, is taking issue with the allocations. she points out that the entire allocation for taxpayer services will deplete in less than four years unless supplemental funding comes along.<\/p>\n<p>she also notes that the funding for bsm will probably not be enough to modernize its 1960s-vintage, cobol-based information technology system.<\/p>\n<p>in her nta blog, collins writes, \u201cin my opinion, the most efficient way to improve compliance is by encouraging and helping taxpayers to do the right thing on the front end. that is much cheaper and more effective than trying to audit our way out of the tax gap one taxpayer at a time on the back end. the success of it is instrumental in accomplishing the sop\u2019s objectives of improving compliance. allocating more funds to service and it is key to taxpayers and tax administration.\u201d<\/p>\n<p><strong>a preponderance for enforcement<\/strong><\/p>\n<p>the sop emphasizes \u2013 in words, anyway \u2013 the goal of dramatically improving services to help taxpayers meet their obligations and resolve issues.<\/p>\n<p>the preponderance of the new funding, however, will go into enforcement, though that includes helping taxpayers avoid mistakes before filing and correcting errors after filing.<\/p>\n<p>by express directive from treasury secretary janet yellen, the irs will avoid increasing audits on middle-class taxpayers as it aims at where the real money is.<\/p>\n<p>\u201call compliance efforts will be consistent with the secretary of the treasury\u2019s august 10, 2022, directive that ira resources are not used to increase the share of small businesses or households earning $400,000 or less that are audited relative to historical levels,\u201d the sop states. \u201cwe will use the additional resources provided under the ira to address high-dollar compliance issues, such as those related to complex partnership structures, large corporations and high-income individuals.\u201d<\/p>\n<p>the irs has good reason to take a closer look at high-income taxpayers. in 2021, the washington post found that the tax evasion among the top 1 percent of taxpayers accounted for a third of all unpaid federal taxes, as much as $175 billion each year.<\/p>\n<p><strong>$80 billion to yield $180 billion<\/strong><\/p>\n<p>the congressional budget office estimates that the $80 billion investment will yield $180 billion in increased federal revenues solely through enforcement. the actual increase, the irs says, will be more as improved service increases overall tax compliance.<\/p>\n<p>the new funding has already resulted in improvements that should make the 2023 tax season smoother than it has been in years.<\/p>\n<ul>\n<li>over 5,000 new customer service representatives will be answering phones and correspondence.<\/li>\n<li>the 4.7 million returns awaiting processing in 2022 have been reduced to between 400,000 and 1 million in january 2023.<\/li>\n<li>by july, 95 percent of phone calls will be answered by live representatives.<\/li>\n<li>millions of paper returns will be scanned and digitized in 2023, including forms 940 and 1040.<\/li>\n<li>75 percent of calls will have a callback option.<\/li>\n<li>taxpayers will have the option to upload a new range of documents.<\/li>\n<li>a new information returns intake system allows businesses to file 1099-series forms electronically.<\/li>\n<\/ul>\n<p>but, as collins notes, \u201cdeveloping a plan and successfully implementing it are two different things.\u201d<\/p>\n<p>the irs has failed in promises of the past, but that was often because, ultimately, of a lack of funding. but collins says that with continued support by congress, she is \u201chopeful and optimistic that five years from now, tax administration will be transformed and taxpayers, for the first time in memory, will receive the service they deserve.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"<p><strong>the cbo projects $180 billion more in revenues.<\/strong><br \/>\n<a href=\"\/\/www.g005e.com\/2023\/04\/09\/irs-has-big-plans-for-its-80-billion\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-110137\" src=\"\/\/www.g005e.com\/wp-content\/uploads\/2023\/04\/250_dollars_dollarphotoclub_18418969.jpg\" alt=\"\" width=\"250\" height=\"125\" \/><\/a><br \/>\n<em>by 卡塔尔世界杯常规比赛时间 research<\/em><\/p>\n","protected":false},"author":17,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_relevanssi_hide_post":"","_relevanssi_hide_content":"","_relevanssi_pin_for_all":"","_relevanssi_pin_keywords":"","_relevanssi_unpin_keywords":"","_relevanssi_related_keywords":"","_relevanssi_related_include_ids":"","_relevanssi_related_exclude_ids":"","_relevanssi_related_no_append":"","_relevanssi_related_not_related":"","_relevanssi_related_posts":"","_relevanssi_noindex_reason":"","footnotes":""},"categories":[2269,3120,3002,2246],"tags":[],"class_list":["post-110133","post","type-post","status-publish","format-standard","hentry","category-politics","category-pro-member-exclusive","category-special","category-busy-season"],"acf":[],"yoast_head":"<!-- this site is optimized with the yoast seo plugin v24.0 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>irs has big plans 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