The IRS expects its plans for the first five years of spending its tax-and-climate law funds will stay the same, even after some of the funds were clawed back in the recent debt-limit deal, a top agency official said Thursday.
“We still have the opportunity to truly transform the agency,” Deputy Commissioner for Services and Enforcement Doug O’Donnell said at a conference hosted by New York University.
Last year’s tax-and-climate law provided the IRS with $80 billion through 2031. Recently enacted debt-limit legislation cuts about $1.4 billion of the funds, and under an agreement between the White House and Republicans, ...
Learn more about Bloomberg Tax or Log In to keep reading:
Learn About Bloomberg Tax
From research to software to news, find what you need to stay ahead.
Already a subscriber?
Log in to keep reading or access research tools.