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Yellen Directs IRS to Embark on $80 Billion Overhaul

Summary by Ground News
Treasury Secretary Janet Yellen has directed the IRS to develop a plan within six months outlining how the tax agency will overhaul its technology, customer service and hiring processes. The improvements are meant to end the two-tiered tax system, where most Americans pay what they owe, but those at the top of the distribution often do not. This year's tax season resulted in the worst backlog in history for the IRS.
1 month ago·Washington, United States

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ReutersReuters

Yellen tells IRS to produce $80 bln spending plan within six months

By David Lawder WASHINGTON - U.S. Treasury Secretary Janet Yellen has directed the head of the Internal Revenue Service to produce a detailed plan for deploying $80 billion in newly enacted enforcement funding within six months, an internal Treasury memo showed on Wednesday. Yellen wrote in the memo to IRS Commissioner Charles Rettig, reviewed by Reuters, that the operational plan "

1 month ago·United Kingdom
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The IndependentThe Independent

Yellen tells IRS to develop modernization plan in 6 months

Treasury Secretary Janet Yellen has directed the IRS to develop a plan within six months outlining how the tax agency will modernize its technology, customer service and hiring

1 month ago·London, United Kingdom
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Washington TimesWashington Times

Yellen tells IRS to develop modernization plan in 6 months

Now that President Joe Biden signed Democrats’ expansive climate, tax and health care bill into law, Treasury Secretary Janet Yellen has directed the IRS to develop a plan within six months outlining how the tax agency will overhaul its technology, customer service and hiring processes.

1 month ago·Washington, United States
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Associated Press NewsAssociated Press News

Yellen tells IRS to develop modernization plan in 6 months

Now that President Joe Biden signed Democrats' expansive climate, tax and health care bill into law, Treasury Secretary Janet Yellen has directed the IRS to develop a plan within six months outlining how the tax agency will overhaul its technology, customer service and hiring processes.

1 month ago·United States
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New York TimesNew York Times

Yellen directs IRS to develop overhaul plan

Editor’s note: Business content from The New York Times will now be included with your subscription ...

1 month ago·New York, United States
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The HillThe Hill

Yellen eyes $80B boost as ‘monumental opportunity’ to ‘transform’ IRS

Treasury Secretary Janet Yellen is preparing the IRS for an overhaul of the U.S. tax collection system made possible by an $80 billion funding boost for the agency included in Democrats’ Inflation …

1 month ago·Washington, United States
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55% of the sources are Center
The Independent
Associated Press News
New York Times
Star Tribune
Bloomberg
Taiwan News
+2
Reuters
The Hill
KVIA
KRDO
Click on Detroit
Winnipeg Free Press
+11
Washington Times
Financial Post
MY Northwest
Fox Business
KMPH
DNyuz
+1
L 24%
C 55%
R 21%
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