IRS Enforcement Boost: AI, Audits, and Compliance Strategies with Claudia Moncarz

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from Kerry Lutz’s Financial Survival Network

Dive into an insightful discussion with Kerry Lutz and Claudia Moncarz about the IRS’s recent funding surge and the role of AI in transforming tax collection and enforcement. In this episode:

👨‍💼👩‍💼 Key Topics:

  • IRS’s Enhanced Enforcement: Explore how the IRS is utilizing its increased funding, focusing particularly on auditing high-income individuals and corporations.
  • AI in Tax Collection: Discover how artificial intelligence is streamlining the IRS’s processes, making tax collection more efficient.
  • Tracking Digital Assets: Understand the IRS’s approach to monitoring digital assets and its implications.
  • Corporate Transparency Act Enforcement: Delve into how the IRS is enforcing this critical act.
  • Non-Filers Challenge: Learn about the significant number of people who don’t file tax returns and the IRS’s strategies to tackle this issue.
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📬 Dealing with the IRS:

  • Opening IRS Letters: Find out why it’s crucial to pay attention to communications from the IRS and act promptly.
  • Respectful Interactions: Hear insights on the importance of treating the IRS with respect and consideration during tax issues.
  • Expert Advice: Claudia Moncarz shares her expertise on handling tax problems and offers her contact information for personal guidance.
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