US IRS to unveil 80 billion 10year spending plan this week Yellen says

WASHINGTON (Reuters) – The Internal Revenue Service will unveil its long-awaited 10-year spending plan for $80 billion in new funding to beef up enforcement and taxpayer services, U.S. Treasury Secretary Janet Yellen said on Tuesday, promising major investments in new technology and services. In prepared remarks at the swearing-in ceremony of new IRS Commissioner Danny Werfel, Yellen said the IRS Strategic Operating Plan will outline the agency’s plans in greater detail to invest in data and analytics to help it audit large corporations, high earners and complex partnerships. “The technology will be complemented by hiring more top talent, including accountants…