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IRS ‘Outgunned’ in Audits of Major Companies, Agency Chief Says

March 17, 2022, 4:30 PM

The IRS is outmatched in resources and expertise when it audits some of the largest companies in the country, the agency’s top official said.

“We do not have the resources to go after the bigs or the superbigs, as we refer to them, and we get outgunned routinely in that space,” IRS Commissioner Chuck Rettig told House Ways and Means Committee members on Thursday.

The Internal Revenue Service, which is in charge of implementing and enforcing the nation’s tax laws, has struggled for years to keep pace with increasingly complicated business structures created by teams of corporate lawyers and accountants. ...