Anonymous wrote:Anonymous wrote:Since Biden implemented increases in IRS staffing in the auditing and collections area, the IRS has collected ballpark $25B in back taxes, unpaid taxes and penalties since Biden entered office
Do you have a source for this?
I originally heard an article/interview on WTOP, so I don't have the source. However, looking a the IRS summary for FY22:
From https://www.irs.gov/statistics/collections-activities-penalties-and-appeals#:~:text=In%20Fiscal%20Year%20(FY)%202022,transfers%20(Table%2025XLSX).
Highlights of the Data
In Fiscal Year (FY) 2022, the IRS collected more than $98.4 billion in unpaid assessments on returns filed with additional tax due, netting about $58.8 billion after credit transfers (Table 25XLSX).
The IRS assessed nearly $23.8 billion in additional taxes for returns not filed timely and collected almost $2.3 billion with delinquent returns (Table 25XLSX).
In FY 2022, taxpayers proposed 36,022 offers in compromise to settle existing tax liabilities for less than the full amount owed. IRS accepted 13,165 offers, amounting to more than $234.3 million, during the year (Table 25XLSX).
I do recall that the person interviewed said that the since the increase in staffing, the IRS has collected more in back taxes than previous years, probably since the slashes to the agency in the Obama and Trump years.
Anonymous wrote:Since Biden implemented increases in IRS staffing in the auditing and collections area, the IRS has collected ballpark $25B in back taxes, unpaid taxes and penalties since Biden entered office
Do you have a source for this?
Highlights of the Data
In Fiscal Year (FY) 2022, the IRS collected more than $98.4 billion in unpaid assessments on returns filed with additional tax due, netting about $58.8 billion after credit transfers (Table 25XLSX).
The IRS assessed nearly $23.8 billion in additional taxes for returns not filed timely and collected almost $2.3 billion with delinquent returns (Table 25XLSX).
In FY 2022, taxpayers proposed 36,022 offers in compromise to settle existing tax liabilities for less than the full amount owed. IRS accepted 13,165 offers, amounting to more than $234.3 million, during the year (Table 25XLSX).
Since Biden implemented increases in IRS staffing in the auditing and collections area, the IRS has collected ballpark $25B in back taxes, unpaid taxes and penalties since Biden entered office
Anonymous wrote:Anonymous wrote:House passed bill with Israel funding. Does this increase odds for shutdown on the 17th?
The House bill is a GOP bill that offsets Israel funding with cuts to IRS funding. That’s a non-starter with Dems and Schumer has already said the Senate won’t take it up. The House GOP supports funding Israel in theory, but if they demand offsetting those funds domestically, as they are now, there’s going to be a stalemate.
That’s why I think we get a CR with no Israel funding.
Anonymous wrote:House passed bill with Israel funding. Does this increase odds for shutdown on the 17th?
Anonymous wrote:House passed bill with Israel funding. Does this increase odds for shutdown on the 17th?
Anonymous wrote:House passed bill with Israel funding. Does this increase odds for shutdown on the 17th?
Anonymous wrote:Johnson wants to do separate CRs. Shutdown more likely
Anonymous wrote:Anonymous wrote:Anonymous wrote:Gaetz already said he will give the new speaker more leeway on spending, so I think the chance of at least a CR is high. More appropriations bills on the House floor this week.
But how does Nestor feel about it all?
Sounds like the new speaker has a Nestor of his own!
On topic: I think there will be a CR until Jan. These people don't have any real vision and they have a mess to clean up after their 3 weeks of dirty laundry.
Anonymous wrote:Anonymous wrote:I am hoping for a shutdown so that I can go hanging out in Miami on the tax payers' dime.
LOL, as if you were competent enough to get a federal job. Nice try, though.