The IRS to hire 87,000 new agents. Who will they go after?

According to WaPo:

The bill, known as the Inflation Reduction Act, would put $80 billion toward beefing up the IRS, in line with liberals’ long-term goals to strengthen tax collection and enforcement on corporations and high-income earners, while relieving low-income taxpayers of cumbersome and frightening audits. Some of the additional revenue would go to pay for the largest-ever U.S. investment in clean energy technology.

The idea is that the government could bring in more money by examining corporate and high-income returns than it does by pursuing lower- or middle-income taxpayers who make mistakes on their returns or underpay their taxes by small amounts. The IRS in recent years has grown more dependent on those types of audits because they are relatively inexpensive: They’re automated, and they preserve the agency’s limited personnel resources. But they also mostly fall on taxpayers who can’t afford to fight back by spending hours on the phone with the tax agency or hiring lawyers.

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According to TIME:

According to a Treasury Department official, the funds would cover a wide range of positions including IT technicians and taxpayer services support staff, as well as experienced auditors who would be largely tasked with cracking down on corporate and high-income tax evaders.

“It is wholly inaccurate to describe any of these resources as being about increasing audit scrutiny of the middle class or small businesses,” Natasha Sarin, a counselor for tax policy and implementation at the Treasury Department, tells TIME.

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Yellen directs IRS not to use new funding to increase chances of audits of Americans making less than $400,000

Thank God we live in a free country where one can say and believe (just about) anything they wish. This thread displays the lengths people will go to believe all manner of conspiracies and speculation. Glad I'm boring in comparison but to each his own.

dnlbaboof said:

When they say they are not going after those making less than 400k, they are talking about w-2 workers, IC's and and those who claim the EITC will see audits on the rise. use Stride to log all your miles.

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That's not what was said. If you make less than $400k but are seriously committing tax evasion you could be in big doo doo. But there will be no attempt to "increase" the focus on those making less than $400k.

just_me said:

This Yahoo News article gives more detail of what the IRS CI division does, which is where most of the 87,000 new IRS agents will be going. The types of crimes talked about aren’t crimes generally associated with corporations or billionaires, but rather with lower classes.

https://news.yahoo.com/irs-deletes-job-posting-seeking-212152157.html

“The “Major Duties” listed in the job description included “a level of fitness necessary to effectively respond to life-threatening situations on the job,” and being “willing and able to participate in arrests, execution of search warrants, and other dangerous assignments.”

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This job classification will make up a very small percentage of the overall hires. The need for this type of enforcement goes more to drug dealers and other serious crimes, not to ordinary citizens. Btw, that piece comes from National Review via Yahoo. The intent is to make it appear that ordinary people will be victimized by this. Not a chance; this type of enforcement goes only to serious criminals. Remember how they nailed Al Capone?

just_me said:

Yes and no. If you’re doing side gigs and are not reporting the extra income, you could be audited if the IRS finds out, regardless of your income.

Frankly, I don’t see how the IRS can maintain present audit levels for the lower classes (under 400k) given the amount of side gigs not reported. Remember, Janet Yellen is looking for 7 trillion dollars.

Back in the 30s, 40s, 50s, 60s, 70s, and into the 80s, the last time they were searching for money, the IRS was into everyone’s business. We were all guilty until proven innocent during an audit. I can remember many bad stories from that time period.

If I remember correctly, part of the Reagan Revolution was for a kinder and gentler IRS. If true, then this aspect of the Reagan Revolution is over. The IRS is looking for money again.

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Just spitballing.

Gig workers like us, if they get a 1099 for more than (say) $50,000 then the IRS may ask them to fill out the required form via a computer program.

But if you're a free lancer making a $150k as a writer with little overhead then yeah, you better file taxes. If you're an influencer on YouTube etc making over six figures with little cost, then yeah, you better file taxes. If you're making a lot of money from doing soft porn, then yeah, you better declare and file.

But they're really after the bigger fish. While they may be 'ordinary' citizens if they're scamming Medicare for $millions you better believe the IRS want to know.

There's a lot of money laundering for various fraud that uses Crypto exchanges etc. IRS want to find these guys.

Just curious when did JY say she was looking for 7 trillion dollars? That sounds made up to me.

Jdemonto said:

They’re coming after you and me! Trump was just in the way!🇺🇸

Hopefully the red wave will defund the IRS!

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The Red Wave is looking a bit shaky, especially for the Senate. Whenever a new President is elected the opposition party ALWAYS wins the mid-terms in the House so that's to be expected..

In AZ you have half the Republicans loving Lake while the other half of Republicans think she's a nut case. Should be close, I suspect.

backstreets-trans said:

I'll be voting all dems in the up coming election. I'm sick of all the lies about a stolen election and the crooked orange guy leading them. Trump is responsible for the death of truth in our society. I'm a registered independent.

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I hear ya. I'm also registered independent.

Also not a fan of Peter Peter's (Thiel) puppet, Blake Masters. By coincidence, a fun piece (a little nerdy) just popped up on Politico about him

Source?
[QUOTE="Amsoil Uber Connect, post: 7647088, member: 7805"]
87,000 is not happening. The funding has been pulled.[/QUOTE]

DOA when it gets to the Senate!

Amsoil Uber Connect said:

Sorry I don't have it. Just heard it was one of the first things the new GOP did.

Did you even look ? Now that wasn't so hard now was it.
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House passes bill nixing $72 billion in funding for 87,000 new IRS agents

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In order for this to be real it would need to pass in the Senate and be signed by the President. Gubment 101.

I read that. Anything for a good show.

I've had fun reading about those they have caught, people who had a party of a time until they were sent to prison for ten years.