If you resold Taylor Swift Eras Tour tickets, the IRS is watching — A new rule from the IRS is punishing those who resold tickets for more than $600 in profit with a tax penalty::A new rule from the IRS is punishing those who resold tickets for more than $600 in profit with a tax penalty.
Right, well, anyway, the IRS budget just got a huge increase under the Biden administration new budget. They’re finally hiring a ton of new agents and updating their ancient tech etc. The R party fought tooth and nail against this and there’s an active smear campaign to make the average person afraid they’re coming after you. R’s managed to reduce the budget increase which is going to reduce the IRS ability to go after the whales, as you were griping about in your original post.
I don’t see any evidence that they would target the whales given proper funding. Your argument hinges on that and it has no basis as far as I’ve seen.
https://www.irs.gov/newsroom/irs-announces-sweeping-effort-to-restore-fairness-to-tax-system-with-inflation-reduction-act-funding-new-compliance-efforts
Believe me when I tell you a partnership with $10b assets is insane. Auditing that is extremely labor intensive and requires a ton of highly specialized skills and that all requires resources.
There’s really nothing left to argue here so please just take this at face value and move on.
Let me know when something actually comes of it, because until then, it means nothing. Merely nice sounding words.