The IRS is Hiring 87k New Employees - Should You Be Worried?

Money Guy Show

Brian Preston, CPA, CFP®, PFS and Bo Hanson, CFA, CFP® | Fee-Only Fiduciary Advisors

Education, Investing, Business

4.7 • 3.1K Ratings

🗓️ 26 May 2021

⏱️ 69 minutes

🔗️ Recording | iTunes | RSS

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Summary

Is the IRS targeting crypto?? With the announcement of 87,000 new employees and an emphasis on tax evasion, the IRS is certainly giving us something intriguing to keep an eye on. After we talk through this announcement from the IRS, we'll be answering your financial questions live from the chat. See you there! Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Welcome to the Money Guy Show.
0:01.8	R.S. is about to double.
0:03.7	Should you be scared?
0:05.0	It's Brian Preston, The Money Guy,
0:08.0	restoring order to your financial chaos,
0:10.9	retirement, investing, taxes.
0:13.8	You've got financial questions.
0:15.4	He's got financial answers.
0:17.3	It's Brian Preston, The Money Guy.
0:21.2	Yeah, Brian, this is one.
0:24.4	Am I excited about this one?
0:26.3	I don't know. This is a bit of interesting news.
0:28.7	The IRS has made this announcement.
0:31.2	They're going to really do an overhaul
0:33.2	to their employee base.
0:34.4	And so the natural question that all of us have
0:37.9	is, okay, what are the implications of that?
0:39.2	What does that mean?
0:39.9	And how will that likely affect me sitting in my chair today?
0:43.7	Yeah, so just to cover it, catch everybody up.
0:45.7	President Biden came out and announced that over the next 10 years,
0:49.5	he would essentially like to double the size of the IRS.
	...

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