Ten Minute Interview: IRS Enforcement

With an unprecedented $80 billion additional funding allocated for the Internal Revenue Service (IRS), there will be an expected 3,700 new agents hired as part of ramping up audits of the largest and most complex partnership returns and other tax enforcement initiatives. There will also be more focus on high income individuals, foreign bank accounts, and the Employee Retention Credit as the IRS pursues its existing authorities.

For more information and insights on the IRS developments and how they may impact your tax planning, listen to this interview with Brian Lucareli and attorney Eric Pearson.