IRS Plan for $80 Billion ‘Pretty Much Done,’ Official Says

The IRS’s strategic plan for spending its $80 billion in multiyear funds is “pretty much done,” a top agency official said Tuesday.

The plan needs to undergo vetting and then Treasury Secretary Janet Yellen will make a determination about when to release it, Doug O’Donnell, a senior IRS official who recently served as acting commissioner, said at a Tax Executives Institute conference in Washington.

More than half of the roughly $80 billion provided to the IRS in last year’s tax-and-climate law is for enforcement. O’Donnell said the agency would have preferred to focus on improving its technology systems, which requires ...