The Trump administration is continuing its offensive against the Internal Revenue Service by proposing a $2.5 billion cut to the agency’s budget for FY2026. In the White House’s “skinny budget” released on May 2, the IRS’s budget is slashed by $2.488 billion, with only three sentences devoted to explaining why. While noting that
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July 2019
Latest from Tax Controversy & Financial Crimes Report
IRS Going All in on Use of ArtificiaI Intelligence
The IRS issued a news release today announcing a continued and more focused use of Artificial Intelligence (AI) to audit partnerships, large corporations and alleged tax shelter promoters. The news release follows Commissioner Werfel’s recent comments that “complex structures and tax issues present in large partnerships require a focused approach to best identify the highest