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Biden’s $80 Billion Plan to Boost IRS Collections & Audits

If you owe back taxes, you may be eligible for relief
programs before it is too late.
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Evan Hardacre | January 10th, 2022

Plan to raise $700 Billion over the next 10 years will have a direct impact on people who have balances held with the IRS.

The federal government spent trillions in economic relief in the wake of the COVID-19 pandemic. Now, the Biden administration is scrambling to strengthen the IRS and offset the relief spending by increasing the IRS’ budget to collect roughly $700 Billion in back taxes over the next 10-years.

This budget increase will give the IRS the funds to support investigations, monitor cryptocurrency spending and compliance, implement advanced technology, and implement additional bank reporting for all divisions of the IRS.

The major question is: will the implementation of advanced these technologies and revised bank reporting policies give the most powerful collection agency too much power?

With close to 12 million American citizens currently owing back taxes to the IRS, experts are concerned that Biden’s plan to increase taxes for “billionaires and corporate tax cheats” will without a doubt target the working class and small business owners.

It is believed that the Biden administration has crossed the line and violated taxpayers’ privacy to ramp up IRS collections.

According by to a recent national taxpayer advocate report, the IRS only answers 24% of its calls. Furthermore, once linked to the IRS, taxpayers are unsure where to start or what program to request.

Taxpayers who give up their rights and turn to the IRS without the assistance of a tax professional will undoubtedly be deprived of these fresh start programs. Those who owe back taxes or haven’t filed tax returns in years are urged to check www.taxnetworkusa.com to exercise their rights and swiftly reduce their tax liabilities.

President & CEO of Tax Network USA Michael-Tod Trzaska stated:

“It is always better to have a qualified tax expert or a team of specialists to negotiate your tax problems”. He went on to say, "Your rights and privacy are important. If you don’t know the code, they will take advantage of you. They are not your friends”.

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