IRS nominee: No audit boost for households under $400,000



The Associated Press

WASHINGTON (AP) – President Joe Biden’s nominee to lead the Internal Revenue Service says that, if confirmed, he will commit to not increasing tax audits on businesses and households making less than $400,000 per year.

Biden’s nominee, Daniel Werfel, makes that pledge in prepared remarks for his confirmation hearing Wednesday before the Senate Finance Committee.

The IRS is receiving a massive funding boost, nearly $80 billion over the next 10 years.

Republicans have suggested without evidence that the agency would use the new money to hire an army of tax agents with weapons.

Werfel says that in light of the funding, Americans “rightfully expect a more modern and high-performing IRS.”

Read the full story on AP News right here.

(Copyright 2023 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)

2/15/2023 11:13:35 AM (GMT -6:00)

Categories: Regional and US News