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By CPA Trendlines Research
Between 2010 and 2019, the budget of the Internal Revenue Service was cut by 20.4 percent, after adjusting for inflation. The situation has been severely aggravated by legislative changes that demand more work from the IRS even as it has less to work with.
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Over the past decade, the IRS has had to spend
- more than $2.6 billion to implement the Affordable Care Act
- more than $500 million to implement the Foreign Account Tax Compliance Act
- more than $600 million to implement the Tax Cuts & Jobs Act
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