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The Internal Revenue Service (IRS) is gearing up to intensify tax collections after a temporary lull during the COVID-19 pandemic. This heightened focus is largely due to increased funding from the Inflation Reduction Act, which has enabled the IRS to expand its workforce and enhance its collection capabilities.
IRS Collections Resuming
Taxpayers who owe back taxes should be aware that the IRS is becoming more aggressive in its collection efforts. This means an increased likelihood of audits, levies, and wage garnishments for those who have outstanding tax liabilities.
The Impact of the Inflation Reduction Act
A key factor driving the…
