The IRS is set to significantly increase its audit activities, with a 3x increase for corporations with assets over $250 million, a 10x increase for partnerships with assets over $10 million, and a 50% increase for high-income earners with incomes exceeding $10 million. This move follows the agency's receipt of a $60 billion funding bump through the Inflation Reduction Act, aimed at enhancing capabilities and addressing issues like outdated technology and low audit rates. Additionally, the IRS has requested an additional $20 billion from Congress to hire 14,000 more employees. These measures are part of an 18-month plan to improve tax compliance and ensure that wealthy individuals and large corporations pay their fair share of taxes.