IRS says audits for rich people and corporations are about to hit a whole new level. Buckle up.
The tax agency announced new goals in an effort to show what it’s doing to maximize the billions of dollars provided by the Inflation Reduction Act.
IRS plans to more than double its audit rate of wealthy taxpayers
Funding for the latest enforcement efforts was included in the Democrats' health care and climate change spending bill that President Biden signed into law in 2022.
The IRS says audits are about to surge — here’s who’s most at risk
Republicans have railed against the IRS audits as harassment of Americans over their taxes and have successfully chipped away at the funding. A top-line spending deal is set to cut the funding by $20 billion this year.
IRS to increase audits for 2 specific groups and reduce for others
The Internal Revenue Service (IRS) intends to conduct more audits for Americans earing $400,000 or more and major corporations, while at the same time reducing the numbers for Black taxpayers who face audits at a disproportionate rate.
IRS says number of audits about to surge. Here's who it is targeting.
The IRS is tapping Inflation Reduction Act funding to hire more agents and go after more tax cheats. Here's where it is focusing.
IRS Acts to Address Wide Disparity in Audit Rates Between Black Taxpayers and Other Filers
The IRS that it has taken steps to address a wide disparity in audit rates between Black taxpayers and others filers.
US IRS targets sharply higher audit rates on big firms, partnerships, millionaires
The Internal Revenue Service said on Thursday that it plans to sharply increase audit rates for big corporations, partnerships and multimillionaires over the next three years as it ramps up enforcement spending and hiring to boost collections.
IRS Announces Audits Surge Coming
In a bold move to enhance fairness in tax collection, the IRS is gearing up to significantly increase its audit activities, targeting the financial heavyweights of society—wealthy individuals and larg
IRS announces more audits for certain groups of taxpayers
The Internal Revenue Service announced that several groups of taxpayers will be more likely to face audits in the coming years.The increased audits do not come as a surprise after Congress passed the Inflation Reduction Act,
A Free Lunch From the IRS?
Don’t count on it.
IRS Unveils Major Changes in New 18-Month Plan
Commissioner announces bid to improve taxpayer services, fairness and technology to make a difference to the nation.
North Carolina HBCU faces battle with IRS, risks being shut down
Saint Augustine's University in Raleigh, North Carolina, is in an ongoing battle with the IRS and the Southern Association of ...
St. Augustine’s University Faces $32 Million Debt And IRS Battle
The IRS and the Southern Association of Colleges and Schools Board of Trustees are watching St. Augustine's closely due to a ...
Sports Team Owners Face New Scrutiny From IRS Over Tax Avoidance
The IRS has launched a campaign to examine whether wealthy taxpayers are violating the law when using their ownership of ...
Former IRS officer sees big scope for ‘MSMEs revolution’ in Chittoor
Former IRS officer and TDP candidate Daggumalla Prasada Rao envisions Chittoor as a thriving hub for MSMEs and agricultural ...
Erroneous Covid Claims Reach $1 Billion in IRS Opt-In Program
The IRS has seen about $1 billion in incorrect employee retention credit claims just from its voluntary disclosure program ...