IRS Budget Increase...Decreased
Greetings from the Seth & Alexander team!
A $1.5 trillion omnibus spending bill passed by the U.S. House on Wednesday, March 9th, made a major cut to previously planned budget increase for the IRS.
What does this mean for you?
While the bill did diminish the budget increase, the money the IRS will receive will help deal with backlog issues. The new spending bill provides up to $75 million to address the IRS’s paper inventory of amended returns, correspondence and adjustments to return filings.
Overall taxpayer service will get a 9% budget increase, amounting to an additional $225 million. That includes $21 million for investigative technology at the IRS’s Criminal Investigation division. The agency’s tax enforcement division will also get an extra $225 million, which represents a 4% increase.
Even with this increase, it will take time for the IRS to hire and train personnel. The current backlog and delays in responses will continue.
If you have any questions about your return, please contact us.
The Seth and Alexander Team is always here to help.
Call us today, 713-965-7572