The Internal Revenue Service just got a huge infusion of cash, and it has delinquent taxpayers in its crosshairs.
The increased IRS budget of $80 billion is part of the Inflation Reduction Act, which was recently signed into law by President Joe Biden.
When taxpayers fill out our Tax Relief Survey, they are able to see if they qualify for the IRS Fresh Start Program and begin their journey toward tax resolution in minutes.
Touted as a lifesaver for the chronically underfunded government agency, the bill promises to help improve the IRS’ outdated technology and long wait times, but a large portion of the funds will go toward addressing the estimated $600 billion of taxes that go unpaid every year.
“By beefing up the IRS’ capacity to go after wealthy tax cheats, you’re going to be able to collect at least $400 billion of that over the course of the next ten years, and I suspect substantially more,” Natasha Sarin, a counselor for tax policy and implementation at the Treasury Department, told NPR.
Don’t Wait, Take Action Now
Thousands of Americans struggle with tax debt, but many lack the time or are too intimidated by the IRS and its bureaucracy to seek real solutions. This is where working with an experienced tax professional can help. They can negotiate with the IRS on your behalf and help you resolve your tax issues at the lowest possible cost.
If you owe back taxes or haven’t filed in several years, don’t wait for the IRS to come after you. Every day, your tax debt grows larger and larger due to penalties and fees. It is vital to act now and partner with a tax relief expert to receive the best resolution possible. Take our short survey to see if you qualify.