The Supreme Court has agreed to hear a case about the IRS seizing bank account holder records to collect a debt from a different taxpayer.
The ruling comes as some federal lawmakers in the new Congress that will be seated next month prepare to grapple with President Joe Biden’s attempt to boost enforcement efforts by the IRS. The Biden-backed Inflation Reduction Act, which the president signed into law in August, allocated almost $80 billion to the IRS over the coming 10 years for increased enforcement. An estimated 87,000 new IRS agents will be hired.
While Democrats say the IRS has long been underfunded, Republicans, who take over the majority in the House of Representatives in coming weeks, say the extra money will be used to harass taxpayers, and they have promised to rescind the funding….