Browsing Tag

Internal Revenue Service

IRS modernization progresses with Inflation Reduction Act funds

TL/DR - President Biden's Inflation Reduction Act signed in August 2022 has significantly impacted the IRS, primarily through its establishment of multi-year, obligated funds for the agency. The Act has prompted modernization and restructuring efforts within the IRS, including "tiger teams" that encourage cross-disciplinary interaction to drive…

2024 Election Outcome May Determine IRS’s Fate

TL/DR - The US Internal Revenue Service (IRS) is under scrutiny by Congress with disagreements on its handling of a multibillion-dollar investment. The Republicans argue that the IRS has failed taxpayers and wasted parts of the $80 billion investment Democrats pushed through in the Inflation Reduction Act. However, the Democrats acknowledge the…