Lodi Valley News.com

Complete News World

The US IRS will hire 3,700 experts to expand the audit

The US IRS will hire 3,700 experts to expand the audit

Bloomberg — The Internal Revenue Service (IRS), the United States’ equivalent of the IRS, plans to hire 3,700 employees to boost efforts to focus on large corporations and business partnerships that are considered complex.

The Inflation Relief Act allocated billions of dollars to the IRS to step up its enforcement offensive against tax evaders. The announcement was made this Friday (15), following last week’s announcement that the company would conduct surveys of 75 of the largest US companies by the end of September.

The new positions, available in more than 250 locations, will help improve the IRS’s compliance efforts for high-income taxpayers, partnerships, large corporations and attorneys, the IRS said in a statement.

“This next wave of hiring will help the IRS add key talent, such as tax accountants, to reverse a decade-long decline in audits of wealthy and complex partnerships and corporations,” IRS Commissioner Danny Werfel said in the release.

The agency is seeking specialized technical positions focused on auditing.

In August, Werfel said the IRS is nearing a milestone to increase its workforce to 90,000 full-time or equivalent employees as it struggles to hire new employees and combat turnover.

In Brazil, for comparison purposes, according to 2022 data from the Federal Government website, the Central Revenue Service has about 20 thousand employees.

The latest U.S. hiring announcement comes as Werfel urges Congress not to make future budget cuts as Republican lawmakers threaten to cut the federal agency’s annual funding.

See more at Bloomberg.com

Read it too

Why tax reform won’t have a broad impact on businesses anytime soon

See also  The American candy store sells chocolate covered cicadas