IRS Updated Plan Pledges Hike in Audits on Rich Tax Dodgers (1)

The IRS is promising it will stay tough in the next few years on large companies, partnerships, and individuals who aren’t paying what they owe, ramping up its ongoing efforts to collect billions in unpaid taxes.

The agency released its updated Strategic Operating Planand supplementaldocument Thursday, outlining its progress and goals using the tens of billions of funding from the Democrats’ 2022 tax-and-climate law called the Inflation Reduction Act. Taxpayer service, modernization, and enforcement remain a priority for the agency.

By 2026, the IRS will nearly triple its audit rates on large corporations with more than $250 million ...