How the IRS will use $80B to go after tax cheats
The Internal Revenue Service is receiving $80 billion from the recently passed Inflation Reduction Act, sparking concerns that the tax collection agency will use the injection of cash to expand audits on Americans making less than $400,000.
The Biden administration vows that will not happen.
And Treasury Department officials insist they have a plan for going after wealthy tax cheats while keeping their promise not to expand the likelihood of auditing folks at lower income levels.
Natasha Sarin, counselor for tax policy and implementation at the U.S. Treasury, provided a breakdown to FOX...