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  2. ‘IRS’s most wanted’: Middle-class earners remain the most ...

    www.aol.com/finance/irs-most-wanted-middle-class...

    In fact, 63% of new audits as of Summer 2023 targeted taxpayers with income of less than $200,000, according to figures compiled by The Wall Street Journal’s editorial board, which then dubbed ...

  3. IRS tax audits ‘target and burden lower-income ... - AOL

    www.aol.com/finance/irs-tax-audits-target-burden...

    The burden of the IRS audits disproportionately falls on lower-income families, with households making less than $25,000 facing the largest audit scrutiny among other income ranges in 2022 ...

  4. IRS Audits: 6 Things You Need To Know - AOL

    www.aol.com/finance/irs-audits-6-things-know...

    In fact, from 2010 to 2019, the audit rate for individual income tax returns dropped to a minuscule 0.25%. That popped up slightly to 0.41% for fiscal year 2021 -- i.e., for every 100,000 tax ...

  5. Internal Revenue Service - Wikipedia

    en.wikipedia.org/wiki/Internal_Revenue_Service

    [7] [8] Research shows that IRS audits raise revenue, both through the initial audit and indirectly by deterring future tax cheating. [9] According to a 2024 study, "an additional $1 spent auditing taxpayers above the 90th income percentile yields more than $12 in revenue, while audits of below-median income taxpayers yield $5." [9]

  6. IRS plans to increase audit rates of wealthy taxpayers by 50%

    www.aol.com/irs-plans-increase-audit-rates...

    Due to years of underfunding, IRS audit rates of large corporations and multimillionaires fell between 2010 and 2021. Overall staffing in the agency’s compliance offices declined 30% during that ...

  7. Income tax audit - Wikipedia

    en.wikipedia.org/wiki/Income_tax_audit

    In the United States, an income tax audit is the examination of a business or individual tax return by the Internal Revenue Service (IRS) or state tax authority. The IRS and various state revenue departments use the terms audit, examination, review, and notice to describe various aspects of enforcement and administration of the tax laws .

  8. IRS acts to address wide disparity in audit rates between ...

    www.aol.com/news/irs-acts-address-wide-disparity...

    The study said the IRS disproportionately audited people who claim the Earned Income Tax ... per year and less at 2018 levels, he said on Thursday that “we haven't in any way exceeded that rate ...

  9. IRS plans to cut back on its audits of lower-income taxpayers

    www.aol.com/finance/irs-plans-cut-back-audits...

    The IRS won’t target low-income Americans with tax investigations as much as it had in the past. The agency this week said it plans to reduce audits for taxpayers who claim the earned income tax ...