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Jorge Castro Comments on IRS Funding Needs in Tax Notes

"White House Looking for Double-Digit Increase in IRS Funding"

Tax Notes

Jorge Castro, former Counselor to the IRS Commissioner during the Obama Administration and Democratic Congressional tax aide, commented on the IRS's funding needs and a proposed budget increase for the agency to $14.1 billion under President Biden's new budget proposal for Fiscal Year 2023. The past few months have made it abundantly clear that the IRS has major funding needs, particularly as they relate to taxpayer services and IT needs, and additional funding will help not only the IRS but taxpayers as well. According to Castro, the agency's leadership has already spent significant time contemplating how to do more with less and how to improve its services. "If Congress were to increase the IRS's budget, I suspect IRS leadership has a plan in place for how to best allocate those funds in the short- and long-term for the benefit of taxpayers," Castro said.