The IRS released its strategic operating plan on April 6, describing its intentions for spending the nearly $80 billion of supplemental funding it’s receiving under the so-called Inflation Reduction Act. The report was 48 days late beyond the Feb. 17 deadline the IRS was given and only included…
— I don’t recommend following the IRS’ lead and submitting an incomplete return 48 days late.)
The IRS report focuses heavily on the agency’s strategy for the fiscal years 2023 and 2024, which run for another 18 months. The report is very light on the details for fiscal years 2025 through 2031. Perhaps uncoincidentally, by the end of fiscal 2024, the IRS plans to burn through most of its $3.2 billion budget for taxpayerIn contrast, the IRS expects to spend less than 4% of its $45.6 billionfor audits and other enforcement by the end of fiscal 2024.
Even though funding for taxpayer services makes up only 4% of the supplemental budget, the IRS report is laser-focused on highlighting that small component of the plan. If the IRS were a real estate agent, it would have just spent most of the home tour showing off the nice walk-in closet after rushing us through the rest of the house in the dark.
Like a real estate agent trying to sell a house on a crumbling foundation, IRS officials are keenly aware of the public’s distaste for more audits, asset monitoring, litigation, and other parts of enforcement. They remember the pushback that arose in 2022 when Congress passed the bill that gave the agency roughly $80 billion of extra funding, mostly allocated to enforcement.the IRS enforcement funding while leaving the taxpayer services funding untouched.
With a closely divided Congress and high levels of public distrust, the IRS knows that it needs to improve itsThis self-preservation dynamic at the IRS could be both good and bad.
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