You may have noticed that the IRS is in a bad way.
It has a backlog of millions of unprocessed paper tax returns, and taxpayers can’t get through to the agency on the phone. Congress noticed and took action by passing a massive funding of the IRS in the recently enacted Inflation Reduction Act.
How does this impact you?
Well, the IRS will have an additional $45 billion to spend on enforcement.
This means audit rates will remain at historic levels and taxpayers earning $400,000 per year can expect additional tax requirements.
If you’re tired of overpaying the IRS, schedule a free tax consultation with RTW Xxact and start saving today!