IRS Commissioner Charles Rettig said earlier this week he expects Congress will soon approve additional funding that the agency needs to increase its staffing over the next several years and dramatically reorganize to improve the taxpayer experience.
Speaking to tax attorneys at the New York Bar Association on Wednesday, Rettig said the IRS has endured a decade of decreased funding and staffing cuts but is currently “living in our 15 minutes of fame” with bipartisan support for its efforts to quickly process and distribute two rounds of stimulus checks to millions of Americans during the pandemic.
All told, the IRS has released approximately 307 million direct payments to taxpayers for a combined $412 billion. With Congress working to pass President Biden’s $1.9 trillion COVID relief bill that includes another round of $1,400 stimulus checks, the IRS could soon be tasked with sending out those checks at the same time the agency is processing 2020 income tax returns.
Rettig said Congress is well aware of the need for additional resources at the IRS. “I think you’re going to see funding for the IRS,” Rettig said. “You’re going to see radical increases in staffing for the IRS over the next three years.”