Improve services for taxpayers and update technology

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Reference no: EM133925964

Discussion

According to our text the funding from the Inflation Reduction Act of 2022 which allocated approximately $80 billion was intended to enhance the IRS's ability to conduct audits, improve services for taxpayers and update technology which was outdated. Increased audits would be a result from the expansions and updates, this is said to affect high-income individuals and larger more complex business entities, (Sawyers & Gill, 2024) Get expert-level assistance in any subject with our assignment help services.

The impact that his would have on taxpayers would be the increase in audit activity, especially for those higher income earners. This would be a more disproportionate effect as those in the higher income brackets and complex businesses are more likely to trigger IRS scrutiny due to the complexity and potential for underreporting, (Sawyers & Gill, 2024)

Reference no: EM133925964

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