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IRS 80B funding
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IRS will Prioritize Enforcement Under $80B Funding: Large Business and International Division

On August 16, 2022, President Biden signed the Inflation Reduction Act into law. As part of the significant changes made by this legislation, the IRS will receive a budget increase of nearly $80 billion over the next ten years to improve four areas: enforcement, operations support, business system modernization, and taxpayer…

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Basswood Counsel November 16, 2022

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