IRS Fiscal Year 2024 Budget Request
2023-04-20T02:05:03-04:00https://ximage.c-spanvideo.org/eyJidWNrZXQiOiJwaWN0dXJlcy5jLXNwYW52aWRlby5vcmciLCJrZXkiOiJGaWxlc1wvMjc4XC8wMDJcLzE2ODE5NzE4NTZfMDAyLmpwZyIsImVkaXRzIjp7InJlc2l6ZSI6eyJmaXQiOiJjb3ZlciIsImhlaWdodCI6NTA2fX19IRS Commissioner Daniel Werfel testified on the agency’s priorities and President Biden’s 2024 budget request before the Senate Finance Committee. Senators asked how the IRS has improved its customer service and how it is enforcing existing laws, such as cracking down on wealthy tax evaders who use secret offshore accounts. Commissioner Werfel said funding from the Inflation Reduction Act helped improve service, but the agency has been underfunded since 2010, and requested $1.8 billion for fiscal year 2024. He also pledged that the IRS will not raise audit rates for small businesses and households making less than $400,000 per year, and articulated three of the agency’s highest priorities: customer service, ensuring wealthy individuals and corporations pay what they owe, and modernization of IRS infrastructure.
IRS Commissioner Daniel Werfel testified on the agency’s priorities and President Biden’s 2024 budget request before the Senate Finance Comm… read more
IRS Commissioner Daniel Werfel testified on the agency’s priorities and President Biden’s 2024 budget request before the Senate Finance Committee. Senators asked how the IRS has improved its customer service and how it is enforcing existing laws, such as cracking down on wealthy tax evaders who use secret offshore accounts. Commissioner Werfel said funding from the Inflation Reduction Act helped improve service, but the agency has been underfunded since 2010, and requested $1.8 billion for fiscal year 2024. He also pledged that the IRS will not raise audit rates for small businesses and households making less than $400,000 per year, and articulated three of the agency’s highest priorities: customer service, ensuring wealthy individuals and corporations pay what they owe, and modernization of IRS infrastructure. close
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