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 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.

The IRS is tapping Inflation Reduction Act funding to hire more agents and go after more tax cheats. Here's where it is focusing.

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