Inside the IRS - 2023 Updates

The Internal Revenue Service (IRS) made headlines this past year with the news that they would be receiving an additional $80 billion towards their budget over 10 years through the Inflation Reduction Act of 2022. With the IRS facing many of the same issues they have been dealing with for more than six decades, the question remains: what will be different this time? 

There has been much discussion as to how the IRS would utilize this budget increase to:

• Update technology infrastructure, 
• Attract and retain talent,  
• Strengthen enforcement and taxpayer services, 
• And more. 

Brooks Nelson, Partner and Strategic Tax Leader, and Sarah McGregor, Tax Director, talk with Anne Oliver, Tax Controversy Director, about the current state of the IRS and their potential future plans.

Related Guidance

• Supreme Court Issues Opinion in Bittner v. United States (FBAR Case)
• ERC Update: Tax Professional Responsibilities and IRS Examinations
• Transfer Pricing and Foreign Legal Restrictions: 3M Co. v Commissioner Ruling

Chapters

• 1:53 Concerns facing the IRS
• 4:19 IRS plans for $80 billion budget increase
• 10:45 Improvements to IRS service
• 13:30 Advancement plans for IRS technology
• 16:10 Delayed strategic plan
• 19:14 Dirty Dozen List
• 22:28 Notice 2023-21 and Bitner FBAR Ruling