A second bill has been introduced to strip the IRS of enforcement funding provided in the Inflation Reduction Act. Authored by Rep. Adrian Smith (R-NE), the Family and Small Business Taxpayer Protection Act comes on the heels of similar legislation introduced by Rep. Jefferson Van Drew (R-NJ). Neither bill is expected to become law. In a related matter, Senate Finance Committee Chair Ron Wyden (D-OR) outlined his priorities for the IRS funding in a letter to Treasury Secretary Janet Yellen and IRS Commissioner Chuck Rettig. Wyden expects the IRS to use the funds to improve customer service, invest in technology, “rebalance audit rates” and more. Read the letter: https://bit.ly/3fHudV5
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