Concurrent Session Onsite and Online
TAX2306. IRS Practice Update
The Inflation Reduction Act (IRA) of 2022, enacted on August 16, 2022 provided for $80 billion toward boosting IRS staffing, in line with the administrations long-term goal of strengthening tax collection and enforcement on large corporations and high-income earners. Join this session to gain insights and earn more about how the IRS plans to develop and implement the hiring and enforcement initiatives provided for in the IRA.
- Explain the objectives of the IRS Strategic Operating Plan and how the IRS plans to spend the $80 Billion provided for in the Inflation Reduction Act.
- Evaluate how the funding components could impact clients and practitioners
NASBA Field of Study
3-4 years in the Profession