CPA Mobile Tax Services

Welcome to tax season 2024! CPA tax preparers see the IRS budgeting to remain mobile and adaptable this year.

The IRS collected a single-year record of $4.9 trillion of total tax revenue from return filings in fiscal year 2022, the Treasury Inspector General for Tax Administration (TIGTA) said in a report on IRS compliance activities.

  • In FY 2022 revenue from field collection (cases worked by IRS revenue officers through direct contact with taxpayers and their representatives) increased 37% compared with FY 2019, and the IRS attributed the increase in part to a focus on high-dollar employment tax cases with balances of at least $250,000. Field collection management also focused on assigning cases with individual taxpayers who owe over $1 million, the TIGTA said.
  • The IRS’s examination function continued its declining enforcement trend in terms of the number of examinations; however, there was a general increase from $17.3 billion in FY 2019 to $30.2 billion in FY 2022 for proposed additional taxes after examinations,” the report said. “The trending decline in the number of examinations is likely contributing to expansion in the overall tax gap as taxpayers that appear to present a compliance risk are less likely to have an examination conducted.”
  • Beginning in 2024, the IRS has said it plans to use its dollars from the Inflation Reduction Act of 2022, P.L. 117-169, to focus on high-income individuals and difficult business cases, such as large or complex passthrough entities. In addition, the agency plans to expand taxpayer services, including pre-filing taxpayer assistance and education.

 

For a deeper dive into IRS plans for tax years 2024 and forward, click on the below link, “IRS Fiscal Year 2024 budget in Brief”.

https://home.treasury.gov/system/files/266/16.-IRS-FY-2024-BIB.pdf

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