IRS Accelerates Investigation Of Millionaire Tax Cheats After Biden Signed New Law

The IRS is stepping up investigations of millionaire tax cheaters following President Biden signing the Inflation Reduction Act.

“The IRS is hiring thousands of new workers. Just weeks after the tax agency announced plans to ramp up its focus on millionaires, complex partnerships, and large corporations, details about related new positions have been made public.

The IRS is hiring 3,700 new employees nationwide in more than 250 locations. The hiring is focused on higher-graded revenue agents. It’s a second wave of hiring thanks to the Inflation Reduction Act.

“This is another important step for the IRS as we work to transform the agency and make improvements,” said IRS Commissioner Danny Werfel. “Our first wave of hiring focused on taxpayer service positions to help improve our phone and in-person assistance.” [READ MORE]