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 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.

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

The IRS also said it is targeting a 50% increase in audit rates for individuals with total positive annual incomes of more than $10 million. That rate will jump to 16.5% in the 20