I wonder just who they're buying it for (if the plan is to distribute it) or if they're storing it to create a shortage. Weaponized IRS has just taken on a new meaning. I don't know about the legalities of this, but it seems like a rather suspicious purchase for a tax collecting organization.
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Probably making investments. Stuff will be worth its weight in gold soon.
I think that's part of Congressman Gaetz's contention - that their purchase of ammo is depriving others of it and/or raising prices. Look at the link, above, about what the IRS already had stockpiled at the start of 2019. Includes, BTW, AR-15s which the leftists tell everyone are not necessary except for war.