The IRS is showcasing its new capability to aggressively audit high-income tax dodgers as it makes the case for sustained funding and tries to avert budget cuts sought by Republicans who want to gut the agency.
IRS leaders said they collected $38 million in delinquent taxes from more than 175 high-income taxpayers in the past few months.
No comparable figures exist for how those high-dollar tax collections compared with previous years, said Jodie Reynolds, speaking for the agency. Rather, the new data reflect an initiative that started after the agency received a new funding stream through the Inflation Reduction Act passed in August by Democrats.
The agency was in line for an $80 billion infusion under the law but that money is vulnerable to potential cutbacks. A team of academic economists and IRS researchers in 2021 found that the top 1% of U.S. income earnersThe IRS said its workers answered 3 million more phone calls than in the last filing season, cut wait times to 3 minutes from 28 and cleared the backlog of unprocessed 2022 tax returns that had no errors. It is opening new taxpayer assistance centers and holding events to help people who live far from the agency's in-person offices.
In April, the agency released a report outlining how it would spend the money allotted through the Inflation Reduction Act, such as bringing more paper-based systems online and answering taxpayers' phone calls promptly.
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