{"id":101684,"date":"2023-05-07T16:22:00","date_gmt":"2023-05-07T20:22:00","guid":{"rendered":"https:\/\/www.shortform.com\/blog\/?p=101684"},"modified":"2023-05-10T10:20:03","modified_gmt":"2023-05-10T14:20:03","slug":"irs-80-billion","status":"publish","type":"post","link":"https:\/\/www.shortform.com\/blog\/irs-80-billion\/","title":{"rendered":"The IRS $80 Billion Overhaul: Analyzing Its Pros and Cons"},"content":{"rendered":"\n<p>Is the IRS $80 billion funding plan a good or bad idea? Who will the overhaul help or hurt? <\/p>\n\n\n\n<p>In a bid to revitalize its operations and tackle long-standing challenges, the Internal Revenue Service (IRS) recently announced a bold $80 billion, 10-year strategic plan for an extensive overhaul. The plan aims to address issues stemming from years of underfunding, <a href=\"https:\/\/www.shortform.com\/blog\/talent-shortages\/\">staff shortages<\/a>, and outdated technology.<\/p>\n\n\n\n<p>Read on to learn experts&#8217; varied viewpoints on the pros and cons of the IRS $80 billion overhaul.<\/p>\n\n\n\n<!--more-->\n\n\n\n<h2 class=\"wp-block-heading\">Analyzing the IRS&#8217;s $80 Billion Overhaul<\/h2>\n\n\n\n<p>In early April, the Internal Revenue Service (IRS) announced an $80 billion, <a href=\"https:\/\/www.nytimes.com\/2023\/04\/06\/business\/economy\/irs-tax-treasury.html\" target=\"_blank\" rel=\"noreferrer noopener\">10-year strategic plan<\/a> to overhaul its operations, with funding courtesy of the 2022 Inflation and Reduction Act. The shoring up comes just in time for an agency in a years-long downward spiral, gutted by budget cuts and the departure of tens of thousands of employees. Central to the IRS $80 billion plan are two key goals:<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>Provide \u201cworld-class\u201d customer service to taxpayers.&nbsp;<\/li><\/ul>\n\n\n\n<ul class=\"wp-block-list\"><li>Prevent the nation\u2019s richest investors and corporations from continuing to avoid tax payments.<\/li><\/ul>\n\n\n\n<p>What will the IRS $80 billion overhaul look like in practice? Who will it help\u2014or hurt? We\u2019ll examine experts\u2019 varied views on these questions.&nbsp;<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-background\">Background<\/h3>\n\n\n\n<p>Experts say that years of <a href=\"https:\/\/www.npr.org\/2022\/08\/25\/1119412217\/how-the-ultrawealthy-devise-ways-to-not-pay-their-share-of-taxes\" target=\"_blank\" rel=\"noreferrer noopener\">underfunding, staff departures, and prehistoric technology<\/a> have made it difficult for the IRS to operate at even a baseline level. Agency strain has long been evident in tax filing backlogs, refund delays, extended customer service wait times, and <a href=\"https:\/\/www.nytimes.com\/2023\/04\/06\/business\/economy\/irs-tax-treasury.html\" target=\"_blank\" rel=\"noreferrer noopener\">plummeting audit rates<\/a>\u2014which reflect disparate treatment of America\u2019s rich and poor.&nbsp;<\/p>\n\n\n\n<p>In recent years,<strong> the IRS has lacked capacity to audit the country\u2019s wealthiest corporations and taxpayers<\/strong>, whose complex investments and <a href=\"https:\/\/www.npr.org\/2022\/08\/25\/1119412217\/how-the-ultrawealthy-devise-ways-to-not-pay-their-share-of-taxes\" target=\"_blank\" rel=\"noreferrer noopener\">armies of accountants and lawyers<\/a> enable them to avoid reporting income.&nbsp;<\/p>\n\n\n\n<p>At the same time, <strong>the agency has been more than<\/strong> <a href=\"https:\/\/www.foxbusiness.com\/economy\/irs-unveils-spending-plan-funding-boost\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>five times as likely<\/strong><\/a><strong> to audit households making less than $25,000 than it has other taxpayers<\/strong>\u2014in part because it increased audits conducted by letter or phone, rather than in-person.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-view-1-the-irs-overhaul-is-good\">View 1: The IRS Overhaul Is Good&nbsp;<\/h3>\n\n\n\n<p>The Biden administration says<strong> <\/strong>the IRS $80 billion overhaul will:<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li><strong>Make the tax system more accessible and fairer for all Americans<\/strong>.&nbsp;<\/li><\/ul>\n\n\n\n<ul class=\"wp-block-list\"><li><strong>Enable the federal government to triage <\/strong><a href=\"https:\/\/www.nytimes.com\/2023\/04\/06\/business\/economy\/irs-tax-treasury.html\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>$7 trillion in uncollected tax revenue<\/strong><\/a><strong> to <a href=\"https:\/\/www.shortform.com\/blog\/addressing-climate-change\/\">address climate change<\/a>, lower drug prescription costs, and <\/strong><a href=\"https:\/\/www.foxbusiness.com\/economy\/irs-unveils-spending-plan-funding-boost\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>reduce the country\u2019s $30 trillion debt<\/strong><\/a>.&nbsp;<\/li><\/ul>\n\n\n\n<p>The IRS says the $80 billion infusion will allow it to <strong>provide <\/strong><a href=\"https:\/\/www.nytimes.com\/2023\/04\/06\/business\/economy\/irs-tax-treasury.html\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>\u201cworld-class\u201d service<\/strong><\/a><strong> to taxpayers<\/strong> by:&nbsp;<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>Replacing antiquated technology.<\/li><\/ul>\n\n\n\n<ul class=\"wp-block-list\"><li>Improving taxpayers\u2019 ability to access their financial information and communicate with customer service representatives.&nbsp;<\/li><\/ul>\n\n\n\n<ul class=\"wp-block-list\"><li>Allowing taxpayers to <a href=\"https:\/\/www.washingtonpost.com\/business\/2023\/04\/06\/biden-irs-tax-audit-wealthy\/?ac_cid=DM786813&amp;ac_bid=-1651915809\" target=\"_blank\" rel=\"noreferrer noopener\">submit returns electronically<\/a> and fix errors on returns being filed.&nbsp;<\/li><\/ul>\n\n\n\n<p>In addition, the agency says the funding will enable it to <a href=\"https:\/\/www.npr.org\/2022\/08\/25\/1119412217\/how-the-ultrawealthy-devise-ways-to-not-pay-their-share-of-taxes\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>bolster enforcement resources<\/strong><\/a><strong> to identify high-wealth individuals and corporations failing to pay owed taxes<\/strong>, which it will do by:<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>Hiring 7,000 enforcement workers in the next two years, including accountants, attorneys, and data scientists.&nbsp;<\/li><\/ul>\n\n\n\n<ul class=\"wp-block-list\"><li>Increasing use of data analytics and machine-learning technology.<\/li><\/ul>\n\n\n\n<ul class=\"wp-block-list\"><li>Raising audit rates on the ultra-rich <a href=\"https:\/\/www.washingtonpost.com\/business\/2023\/04\/06\/biden-irs-tax-audit-wealthy\/?ac_cid=DM786813&amp;ac_bid=-1651915809\" target=\"_blank\" rel=\"noreferrer noopener\">to 2011 levels<\/a>\u2014before Republicans slashed the agency\u2019s budget five years in a row.<\/li><\/ul>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-view-2-the-irs-overhaul-is-bad\">View 2: The IRS Overhaul Is Bad<\/h3>\n\n\n\n<p>Republicans <strong>have long said the IRS has <\/strong><a href=\"https:\/\/www.nytimes.com\/2023\/04\/06\/business\/economy\/irs-tax-treasury.html\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>unfairly targeted them<\/strong><\/a><strong>, <\/strong>and they\u2019ve sought to cut funding to, or <a href=\"https:\/\/www.cnn.com\/2023\/01\/23\/politics\/irs-fair-tax-republicans-abolish\/index.html\" target=\"_blank\" rel=\"noreferrer noopener\">abolish<\/a>, the agency\u2014including in a <a href=\"https:\/\/www.nytimes.com\/2023\/01\/09\/us\/politics\/house-republicans-irs-funding.html\" target=\"_blank\" rel=\"noreferrer noopener\">January House of Representatives vote<\/a>.<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li><strong>Republicans\u2019 ire at the IRS <\/strong><a href=\"https:\/\/www.nytimes.com\/2021\/07\/23\/us\/politics\/republicans-infrastructure-irs-tax-gap.html\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>amped up in 2010<\/strong><\/a>, when the Obama administration and Democrats used the agency to enforce the <a href=\"https:\/\/www.shortform.com\/blog\/affordable-healthcare-act\/\">Affordable Care Act<\/a> mandate that all Americans buy health insurance.&nbsp;<\/li><\/ul>\n\n\n\n<ul class=\"wp-block-list\"><li>Further fueling their anger: The agency\u2019s <a href=\"https:\/\/www.reuters.com\/article\/us-usa-tax-conservative-idUSKBN1CV1TY\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>heightened scrutiny<\/strong><\/a><strong> of the Tea Party and other conservative groups<\/strong>, which they said revealed political bias. A 2014 House Republican investigation called the claim unfounded, but the IRS later apologized for its actions.&nbsp;<\/li><\/ul>\n\n\n\n<p>More recently, Republicans asserted <a href=\"https:\/\/apnews.com\/article\/inflation-ap-fact-check-congress-government-and-politics-11eae023a3dc3a04584371843234cab7\" target=\"_blank\" rel=\"noreferrer noopener\">without evidence<\/a> that<strong> Democrats are using the $80 billion overhaul to <\/strong><a href=\"https:\/\/www.nytimes.com\/2023\/04\/06\/business\/economy\/irs-tax-treasury.html\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>\u201cweaponize\u201d the IRS<\/strong><\/a>\u2014targeting taxpayer dollars to hire thousands of armed agents to audit middle-class Americans and small businesses.&nbsp;<\/p>\n\n\n\n<p>The IRS responded that <a href=\"https:\/\/www.nytimes.com\/2023\/04\/06\/business\/economy\/irs-tax-treasury.html\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>3% of its staff<\/strong><\/a><strong> (<\/strong><a href=\"https:\/\/www.federaltimes.com\/management\/2023\/04\/06\/irs-unveils-plan-for-80-billion-overhaul-with-expanded-audits-hiring\/\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>2,077 agents<\/strong><\/a><strong>) work in criminal investigations<\/strong>\u2014a division that uses arms for tax evasion situations with <a href=\"https:\/\/www.npr.org\/2022\/08\/25\/1119412217\/how-the-ultrawealthy-devise-ways-to-not-pay-their-share-of-taxes\" target=\"_blank\" rel=\"noreferrer noopener\">cartel owners and organized crime<\/a>\u2014and that these numbers will stay at this rate.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Is the IRS $80 billion funding plan a good or bad idea? Who will the overhaul help or hurt? In a bid to revitalize its operations and tackle long-standing challenges, the Internal Revenue Service (IRS) recently announced a bold $80 billion, 10-year strategic plan for an extensive overhaul. The plan aims to address issues stemming from years of underfunding, staff shortages, and outdated technology. Read on to learn experts&#8217; varied viewpoints on the pros and cons of the IRS $80 billion overhaul.<\/p>\n","protected":false},"author":19,"featured_media":11211,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[31,275,24],"tags":[727],"class_list":["post-101684","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-money","category-politics","category-society","tag-articles","","tg-column-two"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v24.3 (Yoast SEO v24.3) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>The IRS $80 Billion Overhaul: Analyzing Its Pros and Cons - Shortform Books<\/title>\n<meta name=\"description\" content=\"What is the IRS $80 billion overhaul? 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As a young adult, Emily graduated with her English degree, specializing in Creative Writing and TEFL (Teaching English as a Foreign Language), from the University of Central Florida. She later earned her master\u2019s degree in Higher Education from Pennsylvania State University. Emily loves reading fiction, especially modern Japanese, historical, crime, and philosophical fiction. Her personal writing is inspired by observations of people and nature.\",\"url\":\"https:\/\/www.shortform.com\/blog\/author\/emily-kitazawa\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"The IRS $80 Billion Overhaul: Analyzing Its Pros and Cons - Shortform Books","description":"What is the IRS $80 billion overhaul? 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