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IRS says number of audits about to surge. Here's who it is targeting.
CBS News via Yahoo Finance· 1 day agoThe IRS says it is about to ramp up audits as it cracks down on tax cheats and seeks to deliver more...
IRS says it will boost audits on wealthy, address racial disparities
WDBJ 7 Roanoke· 18 minutes agoThe agency says it will increase audits on people who earn more than $10 million from 11% to 16.5% by 2026. As for businesses, the IRS will triple audit rates for those with ...
IRS Says Audits Are About to Surge, and Shares Who Will Be Targeted
Best Life· 38 minutes agoTaxpayers can breathe a sigh of relief knowing the 2023 tax year is over—for the most part at least. Tax documents have been filed, money wires have been initiated, and the Internal Revenue ...
IRS says audits for rich people and corporations are about to hit a whole new level. Buckle up.
Market Watch· 4 hours agoThere are no plans to bump up audits on households making less than $400,000, IRS Commissioner Danny...
IRS announces more audits for certain groups of taxpayers
Scripps News via AOL· 3 hours agoThe increased audits do not come as a surprise after Congress passed the Inflation Reduction Act,...
IRS PLR: Extension of Time to Assess Branch Profits Tax Granted (IRC §884)
Bloomberg Law· 34 minutes agoThe IRS has published a private letter ruling on Section 884 granting the taxpayer, a foreign corporation organized in Country A and owned by an individual, a Country B citizen ...
IRS unveils major changes in new 18-month plan
Newsweek· 5 hours agoThe Internal Revenue Service (IRS) has announced major changes aimed at modernizing the federal agency's technology and improving its employee tools to...
IRS audit crackdown: Who's most likely to be targeted
TheStreet via Yahoo Finance· 4 hours agoThe agency says the audits will pertain to taxpayers with a positive income of more than $10...
IRS says it plans to hike the audit rates on certain taxpayers
WSB Radio· 2 hours agoThe agency released an update to its strategic operating plan that includes nearly tripling the...
IRS acts to address wide disparity in audit rates between Black taxpayers and other filers
San Francisco Chronicle· 22 hours agoThe IRS said Thursday that it has taken steps to address a wide disparity in audit rates between...