From a business perspective, funding the IRS is an excellent investment.
By CPA Trendlines Research
The Internal Revenue Service’s Taxpayer Services and Business Systems Modernization accounts got short shrift in the big-time funding provided by the Inflation Reduction Act. But still, the combined total of $8 billion they got has gone a long way to improve the taxpayer experience.
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Here’s the breakdown of the original account allocations at the IRS:
- Enforcement: $45.6 billion, 58 percent of the total
- Operations Support (e.g., rent, phones, paper, etc.) $25.3 billion, 32 percent of the total
- Business Systems Modernization (including tech upgrades): $4.8 billion, 6 percent of the total
- Taxpayer Services: $3.2 billion, or 4 percent of the total
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