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The IRS is focused on collecting taxes owed from groups like: ➡️Taxpayers with $1 million+ in income and at least $250K in tax debt. ➡️Taxpayers with $400K+ in income who have not filed taxes at all in 7+ years. These two initiatives have brought in $1.3 billion so far.
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Laura Weiss
@LauraEWeiss16
.@MikeCrapo new statement on Trump's pick of former Rep. Billy Long for IRS commissioner, which also means pushing current Commissioner Danny Werfel out. Werfel's term goes into 2027 Here's Crapo, the incoming Senate Finance Committee chair
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David Watson 🥑
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The IRS: - mistakenly released private tax information not once but twice. - failed to prevent a contractor from making unlawful disclosures of private tax information to the public. - unlawfully delayed implementation of 1099K reporting to the political benefit of Democrats
The unlawful disclosures happened under the previous Administration and Commissioner, before the IRS got new resources. 1099K was delayed and phased-in at the request of many, many taxpayers, professionals, and payment processors. But you know that.
We spent 40 billion on new IRS agents. That will take a decade or more to even break even at that rate. Since we all know that’s not where those agents went, why don’t you share the numbers on increased audits for the middle class?
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The IRS is also focused on lower income people by auditing returns claiming the EITC 4x more than not.
Hi Ashley genuine question how have tax recovery been based on how much new revenue would be brought in from greater $$$ to tax police?
Musk wants more efficiency in government. So he should be in favor of the IRS shifting enforcement resources toward taxpayers where the agency gets the most bang for the buck - higher income taxpayers!
Huh. This seems like pretty basic tax collection and enforcement. I kind of imagined they'd been doing this sort of stuff for years, but I guess they're all fucking retards, whaddya know? "Oh, collect the taxes, huh, that's not a bad idea."
So enough money to run the federal government for approximately 1/10th of a second. Good work IRS!
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