this post was submitted on 15 Apr 2025
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The IRS can audit books and initiate enforcement action at least 7 years after the fact. So yes, even if the IRS is currently gutted, "everyone" tends to at least pay lip service to the rules, because they don't know if the IRS will stay gutted through 2032.
Our current tax policy is not beneficial to the economy. Enforcement of the last seven years of Reagan's garbage policy doesn't get us anything. So there is no urgent need to rebuild the IRS, and won't be until we establish good tax policy.
Establishing new policy has to be the priority. We have seven years to rebuild the IRS to enforce the policy we establish today.
Im out.