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IRS expects to collect hundreds of billions more in ove

The IRS says it expects to collect hundreds of billions of dollars more in overdue and unpaid taxes than previously anticipated using funding provided to the agency by the Democrats’ Inflation Reduction Act

United statesJoe bidenGreg leisersonCongressional budget officeTreasury departmentNational economic adviser lael brainardDemocrat inflation reduction actPresident joe bidenPresident bidenEconomic adviser lael brainardInflation reduction actHouse republicansDeputy assistant secretaryTax analysis greg leiserson

IRS says it will collect hundreds of billions more in unpaid and overdue taxes, thanks to new funding

The IRS says tax revenues will rise by as much as $561 billion over the next decade due to funding from the Inflation Reduction Act.

United statesGreg leisersonJoe bidenNational economic adviser lael brainardCongressional budget officeTreasury departmentInflation reduction actPresident bidenEconomic adviser lael brainardPresident joe bidenHouse republicansDeputy assistant secretaryTax analysis greg leisersonInternal revenue serviceJoe biden

IRS gets new funding from Congress to collect overdue, unpaid taxes – NBC Chicago

The IRS is poised to take in hundreds of billions of dollars more in overdue and unpaid taxes than previously anticipated, according to new analysis released.

United statesJoe bidenGreg leisersonCongressional budget officeTreasury departmentNational economic adviser lael brainardDemocrat inflation reduction actChicago catch upPresident joe bidenPresident bidenEconomic adviser lael brainardInflation reduction actHouse republicansDeputy assistant secretaryTax analysis greg leisersonInternal revenue service

IRS says it will collect $560 billion more in tax revenues thanks to Inflation Reduction Act

The tax gap which is the difference between taxes owed and taxes paid has grown to more than $600 billion annually, according to the IRS.

United statesJoe bidenGreg leisersonCongressional budget officeNational economic adviser lael brainardDemocrat inflation reduction actPresident joe bidenPresident bidenEconomic adviser lael brainardInflation reduction actHouse republicansDeputy assistant secretaryTax analysis greg leiserson

IRS expects to collect hundreds of billions more in overdue and unpaid taxes thanks to new funding

IRS expects to collect hundreds of billions more in overdue and unpaid taxes thanks to new funding
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United statesGreg leisersonJoe bidenTreasury departmentAssociated pressNational economic adviser lael brainardCongressional budget officeDemocrat inflation reduction actPresident joe bidenPresident bidenEconomic adviser lael brainardInflation reduction actHouse republicansDeputy assistant secretaryTax analysis greg leiserson