The IRS is seeking $300 million to fund new and ongoing IT modernization and security initiatives next year, while the agency's Criminal Investigations Unit wants to hire more agents with technical backgrounds to handle increases in cybercrime and cryptocurrency investigations. Overall, the tax agency wants $12 billion for 2021, along with an additional $400 million discretionary fund to pay for tax enforcement operations that the agency claims will yield $79 billion in new revenue over the next 10 years. That includes $300 million for business modernization activities, an increase of $113 million over last year. The ... (full story)