The IRS plans to double audits for wealthy Americans and large corporations in the next three years.
The IRS plans to double audits for wealthy Americans and large corporations in the next three years, focusing on tax year 2026. The agency will use $80 billion in funding from the Inflation Reduction Act to improve customer service and processing delays. It will not increase audit rates for small businesses or taxpayers earning under $400,000 annually, maintaining their historically low levels.
May 06, 2024
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