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U.S. IRS Launches New Initiatives to Ensure Large Corporations Pay Taxes Owed

01 November 2023

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Approved Changes

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United States

The U.S. IRS recently announced the launch of new initiatives using Inflation Reduction Act funding, including new initiatives to ensure large corporations pay taxes owed, as well as increased efforts to pursue high-income, high-wealth individuals. --- Ensuring large corporations and high-income, high-wealth individual taxpayers pay taxes owed The IRS is working to ensure large corporate and high-income individual filers pay the taxes they owe. Prior to the Inflation Reduction Act, more than a decade of budget cuts prevented the IRS from keeping pace with the increasingly complicated set of tools that the wealthiest taxpayers use to hide their income and...