The Inflation Reduction Act IRS funding might not mean more audits - San Francisco Business Times

said the Inflation Reduction Act will let the agency get back to challenging areas, including large corporations and global high-net-worth taxpayers.

He stressed the agency has fewer front-line, experienced examiners in the field than any time since World War II, and fewer employees total than any point since the 1970s. The National Federation of Independent Business, which had supported an amendment in the legislation shielding smaller businesses from increased audits that was ultimately defeated,the legislation was too heavily focused on enforcement rather than dealing with the agency’s backlog of tax returns.

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