According to a report, the Internal Revenue Service (IRS) imposed $7 billion in extra tax penalties last year, about four times the $1.8 billion it assessed in 2022 following the Biden administration’s push for increased funding and enforcement of the agency.
Categories: Biden AdministrationBusinessemployeesEnforcemententrepreneursfederal income taxFinesfiscal year 2023gig workersinterest chargesinterest ratesInternal Revenue ServiceInvestorsIRSIRS datamondayOAN Newsroompenalty rateprojected tax penaltyRichard PonSan Franciscotax penaltiesthe wall street journalThe Washington PostTodays Headlines