The IRS didn’t submit its 10-year plan detailing how it’ll use the $80 billion appropriation from the Inflation Reduction Act by the Feb. 17 deadline set by Treasury Secretary Janet Yellen. Critics of the funding are concerned about the ratio of enforcement amounts compared to other purposes, such as customer service, systems upgrades and supporting operations. Of the $80 billion, over $45 billion is set aside for capturing tax revenues that would otherwise go uncollected and contribute to the “tax gap.” Although lawmakers, policy groups and the public circled Feb. 17 on the calendar, the IRS has stated that the plan will be ready “in coming weeks.”
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