“IRS’ Increased Funding Means More Scrutiny” in Daily Report

Patrick McCann’s article on “IRS’ Increased Funding Means More Scrutiny” in the Daily Report

In an article published by the Daily Report, Tax Controversy and Litigation Shareholder Patrick J. McCann, Jr. provides insight into the background and enactment of the Inflation Reduction Act and discusses what new IRS funding means for taxpayers, especially large corporations and high-net-worth individuals.

“Those looking for additional guidance on this issue should look to the agency’s past statements regarding its need for the additional funding, and the campaigns that the IRS has initiated despite its purported lack of funding. It is expected that the IRS will use its new funding to expand those programs,” McCann writes in the article.

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