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IRS recovers $4.7 billion in back taxes and braces for cuts with Trump and GOP in power

  • The IRS has recovered $4.7 billion in back taxes, which is described as a significant achievement.
  • The IRS is preparing for cuts that may impact tax collection ability with Trump and GOP in power.
  • Under Trump, the GOP has shown a desire for tax cuts, which may affect IRS operations.
  • The political landscape is changing, and the IRS is adapting to these potential challenges.
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