No. of Recommendations: 7
ME: Cutting jobs at the audit division means loss of revenue and is a different way of looting the treasury. There will be a period of time where the odds of enforcement are extremely low - so you are relatively free to cheat, and they do. To staff up takes three years. It takes two years for someone entering the audit field to go through the training and then get good enough to examine international companies, large corporations, and wealthy individuals.
SNIP
Trump’s job cuts are forcing the IRS to cancel several large audits, which could result in tens of billions in lost revenue for the government
Job cuts at the IRS are decimating the audit division . That could result in tens of billions of dollars in lost revenue for the government. The cuts come after the Biden administration worked to staff up the IRS and pursue cases against high-earning individuals and corporations.
The Internal Revenue Service could be losing some of its teeth.
Staff cuts under Donald Trump’s government-wide reduction are putting large ongoing audits on hold, and the IRS is unlikely to beef up its enforcement division in the short term.
That could mean tens of billions of dollars owed to the government go uncollected, the Wall Street Journal reports . It also effectively nullifies a Biden-era policy to staff up the IRS , making it easier to speak with a worker on the phone or walk-in centers as well as the auditing division. SNIP
https://www.newsbreak.com/share/3861238239760-trum... 