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IRS New Compliance Efforts Focused on Increasing Scrutiny on High-Income Earners, Partnerships, Corporations, and Promoters Abusing Tax Rules

13 September 2023

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Approved Changes

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United States

The U.S. IRS has announced that its new compliance efforts are focused on high-income earners, partnerships, corporations, and promoters abusing tax rules. --- IRS announces sweeping effort to restore fairness to tax system with Inflation Reduction Act funding; new compliance efforts focused on increasing scrutiny on high-income, partnerships, corporations and promoters abusing tax rules on the books Agency focus will shift attention to wealthy from working-class taxpayers; key changes coming to reduce burden on average taxpayers while using Artificial Intelligence and improved technology to identify sophisticated schemes to avoid taxes IR-2023-166, Sept. 8, 2023 WASHINGTON — Capitalizing on Inflation Reduction...