Commentary
The IRS released its strategic operating plan on April 6, describing its intentions for spending the nearly $80 billion of supplemental funding it’s receiving under the so-called Inflation Reduction Act.
The report was 48 days late beyond the Feb. 17 deadline the IRS was given and only included funding and staffing details for two of the required nine years.
(For those of you who haven’t yet filed your taxes—which are due on Tuesday—I don’t recommend following the IRS’ lead and submitting an incomplete return 48 days late.)
The IRS report focuses heavily on the agency’s strategy for the fiscal years 2023 and 2024, which run for another 18 months. The report is very light on the details for fiscal years 2025 through 2031….