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IRS plans to increase audit rates of wealthy taxpayers by 50%
The Internal Revenue Service detailed its plans Thursday to significantly ramp up audit rates of wealthy taxpayers and large corporations, using funds provided by the Democrat-backed Inflation Reduction Act that passed in 2022.
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.
The IRS says audits are about to surge — here’s who’s most at risk
The IRS said in a news release Thursday that it’s aiming to nearly triple its audit rate, to 22.6%, on corporations with upwards of $250 million worth of assets in the 2026 tax year. The figure marks a steep rise from the 8.
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
The IRS is overhauling how it audits. Here’s who is a target
The tax agency said Thursday it will be “taking swift and aggressive action” to crack down on people and companies not paying taxes properly.
2d
on MSN
Mortgage rates increase for fifth week in a row, and home buyers ‘will likely not see relief’ anytime soon
The 30-year fixed-rate mortgage rose and averaged 7.22% as of May 2, according to data released by Freddie Mac on Thursday.
15h
How To Continually Increase Your Real Estate Knowledge
To increase your real estate IQ and uplevel your investing game, you can follow real estate news outlets, take further ...
1d
on MSN
Anger can increase heart attack risk, study finds: ‘Chronic insult to arteries’
Feeling angry for as little as eight minutes a day could raise your chances of experiencing a cardiac event, according to a ...
2d
on MSN
The Social Security COLA Forecast for 2025 Keeps Getting Bigger. Here's How Much Benefits Could Increase Next Year
The Senior Citizens League keeps raising its forecast for Social Security's 2025 cost-of-living adjustment (COLA).
CNET on MSN
12h
Peacock's Pricier Plans: What to Know About the Subscription Increase
Peacock 's streaming subscription plans are about to cost a little more. The NBCUniversal brand is increasing the prices on ...
13h
Financial Optimization Tool To Increase Efficiency For The Unemployed Announced
Recession Resister, a trusted expense management and financial optimization tool provider, has expanded services to help ...
2d
on MSN
After renewed sanctions and ahead of election, Venezuela looks to increase tax take
The Venezuelan government is aiming to make up for the return of U.S. oil sanctions by raising tax revenues so it can ...
16h
New study on how anger could increase risk of heart disease
ABC News’ medical correspondent Dr. Darien Sutton breaks down the new study that found episodes of anger can impair blood ...
2d
on MSN
Aurora rec center membership rates will increase in Colorado for the first time in 5 years
The Aurora City Council recently gave the green light to increase membership costs as well as fees for some activities.
2d
Norway to add millions more to historic increase in defense spending announced last month
The Norwegian center-left government says it wants to add 7 billion kroner, or $630 million to the Scandinavian country’s ...
1d
on MSN
Minnesota Power agrees to smaller bill increase for customers in settlement
If utility regulators approve the deal with state officials, customers’ electric rates would increase 4.9% instead of the ...
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