IRS Imposes $7B Tax Penalties on Americans After Biden's UpgradeIRS Hit Americans with $7B in Tax Penalties Last Year After Biden Beefed Up Agency
According to a report, the Internal Revenue Service imposed $7 billion in tax penalties last year—almost four times the $1.8 billion it assessed in 2022 following the Biden administration’s swollen agency ranks. According to The Wall Street Journal, most of the fines affect those who underpaid their projected quarterly income taxes—business owners, gig workers, investors, […]