Tsy Details Investment to Enhance IRS

Further details issued by the Tsy Dept after news filtered out late Tuesday. Pres Biden's plan to provide IRS w/extra $80B is estimated to net $700B over 10 years through more robust tax enforcement.
"A robust and sustained investment in the IRS is necessary to ensure it can do its job of administering a fair and effective tax system. The IRS requires more resources to conduct investigations into underreported income and to pursue high-income taxpayers who evade their tax liability through complex schemes. It requires 21st century technology to unpack complex tax returns and track income across various opaque sources. And, it requires access to better information so that the agency can target its efforts at the most egregious offenders, while helping compliant taxpayers avoid unnecessary and costly audits." IRS reforms include:

• Provide the IRS the resources it needs to stop sophisticated tax evasion
• Provide the IRS with more complete information.
• Overhaul outdated technology to help the IRS identify tax evasion.
• Improve taxpayer service and deliver tax credits.
• Regulate paid tax preparers.