Tag: Daniel Werfel

IRS Set to Use AI to Target Tax Cheats, Say They Will Limit to ‘High Income Earners’ and ‘Large Corporations’

The Center Square

The Internal Revenue Service (IRS) announced new enforcement initiatives Friday to crack down on 1,600 millionaires and 75 large companies it said owe hundreds of millions in unpaid taxes.  

IRS Commissioner Daniel Werfel said the agency will use Inflation Reduction Act funding to focus on high-income earners, partnerships, large corporations and promoters. He said the IRS won’t increase audit rates for those earning less than $400,000 a year.

Read More

Recent IRS Controversies Raise Doubts About Auditing Army’s Potential Bias

The Center Square

President Joe Biden’s call for funding for 87,000 IRS agents to audit Americans has raised questions about whether the new rash of auditing will target poorer Americans or be politically motivated.

The Inflation Reduction Act included $80 billion to beef up IRS efforts, which Biden says will more than pay for itself in new audits.

Read More