Search results
Results from the WOW.Com Content Network
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 ...
An IRS audit is a review of an individual, partnership or organization's tax return and financial information to verify that reported information is correct. Tax return audits are serious events ...
The IRS said Thursday that it has taken steps to address a wide disparity in audit rates between Black taxpayers and others filers, and is more closely examining the returns of larger numbers of ...
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 ...
The effort also comes after a study by Stanford in conjunction with the Treasury this year found that the Internal Revenue Service audits Black taxpayers 2.9 to 4.7 times the rate of non-Black ...
According to the Huffington Post in 2004, the Wall Street Journal reported that the IRS audited the liberal group Greenpeace at the request of Public Interest Watch, a group funded by Exxon-Mobil. [17] Exxon-Mobil said it was not aware of the IRS audit, nor did it have a role in initiating the audit. [18]
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 ...
Get AOL Mail for FREE! Manage your email like never before with travel, photo & document views. Personalize your inbox with themes & tabs. You've Got Mail!