Yellen Directs IRS to Embark on $80 Billion Overhaul

Yellen tells IRS to develop modernization plan in 6 months

WASHINGTON (AP) — 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

Yellen tells IRS to develop modernization plan in 6 months

WASHINGTON (AP) — 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

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 "

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

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. Read More

Breaking down the tax implications of Biden's Inflation Reduction Act

The Tax Foundation's Garret Watson discusses the many tax provisions in President Joe Biden's Inflation Reduction Act, signed into law today.

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. With Democrats'