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IRS: 87,000 new agents will 'absolutely not' target middle-income Americans

IRS: 87,000 new agents will 'absolutely not' target middle-income Americans

IRS: 87,000 new agents will 'absolutely not' target middle-income Americans
Aug 10, 2022 51 secs

“The resources in the reconciliation package will get us back to historical norms in areas of challenge for the agency — large corporate and global high-net-worth taxpayers — as well as new areas like pass-through entities and multinational taxpayers with international tax issues, where we need sophisticated, specialized teams in place that are able to unpack complex structures and identify noncompliance,” Rettig wrote in the letter.

Last week, the nonpartisan watchdog Joint Committee on Taxation said it anticipates that between 78% and 90% of the estimated $200 billion that the IRS will collect as a result of the bolstered workforce will come from small businesses.

“The IRS will have to target small and medium businesses because they won’t fight back,” Joe Hinchman, executive vice president at National Taxpayers Union Foundation, told The Post

Hinchman told The Post that it is easier for the IRS to collect from small- and mid-size businesses since they are less likely to incur legal expenses in order to fight the agency — whereas larger and wealthier companies are much better equipped to do battle


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