Photo: Janet Yellen, May 17, 2022 Janet Yellen, U.S. Treasury secretary, on Tuesday, May 17, 2022.

Treasury Secretary Janet Yellen set a six-month timeframe for the Internal Revenue Service (IRS) to compile a plan detailing how it will deploy an influx of $80 billion in enforcement funding over the next decade.

“The work will require an all-hands-on-deck approach from the dedicated employees of the IRS,” Yellen wrote in a memo Wednesday to IRS Commissioner Charles Rettig, a day after President Joe Biden signed legislation including the new funding.

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