What The IRS Budget Increase Means To You
We want to keep you informed about significant changes at the IRS that may impact taxpayers in the coming years. With the Inflation Reduction Act providing the IRS an increased budget to work with, the IRS is expanding its resources, technology, and collection enforcement capabilities. Here’s what you should know:
- Increased IRS Correspondence and Tax Audits: With cutting-edge technology and enhanced analytics, the IRS is identifying potential issues more efficiently. This could result in more audit notices and requests for additional information.
- Targeted Enforcement: The IRS is prioritizing high-income individuals, complex tax filings, and those with significant tax liabilities. However, tax audits are also increasing across other income brackets and for non-compliance detected through advanced data analytics.
- Improved Services: On a positive note, the IRS is also focused on enhancing taxpayer services, such as quicker issue resolution and more accessible guidance to meet your obligations.
We’re Here to Help
Receiving correspondence from the IRS can be stressful, but you don’t have to navigate it alone. Our team is prepared to assist with:
- Reviewing IRS notices to determine the best course of action.
- Responding to inquiries or audits effectively.
- Keeping you informed about your rights and responsibilities as a taxpayer.
Should you receive any notices or have concerns about these changes, please don’t hesitate to call us at 404-255-7400, or email Bobby Hoffman or Tabitha Relota.
Thank you for trusting us with your tax and financial needs. We are committed to keeping you ahead of the curve and ensuring your peace of mind.
