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The Internal Revenue Service has received its largest ever funding increase in history. This program by Tax attorney, Adam Fayne will discuss how this funding will impact its enforcement priorities. Moreover, the IRS has recently announced new strategic audits using Artificial Intelligence, and this is just the beginning of a “new IRS”. Adam will discuss the Internal Revenue Service’s latest initiatives and how you can prepare for a successful year in representing your clients. Adam will also discuss the Internal Revenue Service’s audit and collection efforts and activities and what you can expect during 2024 year with an Internal Revenue Service.
In this session, our goal is to equip you and your clients with the knowledge and resources needed to comprehend the Internal Revenue Service's priorities in 2024, driven by its substantial increase in capital and resources. Adam will explore the implications of this significant budget expansion for taxpayers, shedding light on what it entails for individuals and businesses alike.
