The IRS is 2024’s ‘comeback kid’:
According to IRS Commissioner Danny Werfel, the IRS is making strategic moves with its hefty funds from the Inflation Reduction Act. They’ve been channeling the money into revamping employee training and upgrading one of its oldest IT systems. Armed with nearly $60 billion in multi-year funds, the IRS is actively reshaping its workforce and modernizing IT infrastructure to enhance its service to taxpayers.
The IRS is under an incredible amount of pressure to deliver a return on investment from these allocated funds. The agency’s top priority now is hiring approximately 20,000 full-time employees to increase its enforcement and compliance teams by the close of 2024. The IRS is gaining momentum, with plans to fast-track the hiring of more than 3,700 highly trained agents across the country. And there are no signs of slowing down – they’re on the verge of reaching 90,000 full-time employees—a staffing milestone that hasn’t been seen in over a decade.
An experienced tax professional can navigate the IRS’s rules, statutes, and payment options to help you find the best way to eliminate your tax debt. Take the guesswork out of paying off your debt by speaking with a tax professional today.