IRS to Devote Much of $80 Billion to Auditing Rich Taxpayers (1)

The IRS plans to spend more than half of its $80 billion in new funding to crack down on big companies and wealthy taxpayers who it says aren’t paying what they owe.

The agency will devote $47.4 billion of the new funding to beef up enforcement efforts on “taxpayers with complex tax filings and high-dollar noncompliance,” according to the IRS’s strategic operating plan for using the $80 billion, released Thursday.

That means large corporations, complex partnerships, and wealthy individuals can expect to be audited more often.

It’s “enforcement at the top,” IRS Commissioner Danny Werfel told reporters—focusing on areas ...