Messaging about how the IRS intends to use the $80 billion cash infusion from the Inflation Reduction Act may have created confusion, but it’s clear what taxpayers need to do: prepare for possible increased audit activity. That’s according to Beth Tucker, a Managing Director in PwC’s Tax Controversy & Regulatory Services Practice, who details how the agency plans to use the funding and encourages preparing for the likelihood of increased audits before filing returns.

Recent coverage about the IRS' funding with Kevin Brown: Audits on the horizon with infusion of IRS funding (08/29/22)

IN THIS EPISODE
Beth Tucker, Managing Director, PwC’s Tax Controversy & Regulatory Services Practice
Sindhu Blume, Host, Policy on Demand
Scott McCandless, Host, Policy on Demand

In case you missed it:
Week in Review with Todd Metcalf
Are Pillars 1 and 2 still relevant amid growing uncertainty?