Beefed Up IRS with Joe Thorndike

October 7, 2022

As CPAs, it’s our role to advocate for our clients. A proper defense starts with a proper understanding of what the rules are. With Biden giving the IRS an additional $80billion dollars, the odds of your clients getting audited is higher than ever. In this episode, Joe Thorndike joins Tom to discuss what we can expect the IRS to do with their increased budget.

Order Tom’s new book, “The Win-Win Wealth Strategy: 7 Investments the Government Will Pay You to Make” at: https://winwinwealthstrategy.com/

SHOW NOTES:
00:00 – Intro
02:20 – Will we see an improvement in the IRS services after the additional money to their budget?
08:15 – Has the IRS ever had a mandate to raise revenue before?
16:37 – Where does the IRS plan to find auditors with enough experience to audit more technical businesses?

Looking for more on Joe Thorndike?
Website: https://www.taxnotes.com/