IRS continues to audit poorest families more heavily [View all]

[ck4829]

The Internal Revenue Service has been auditing the poorest wage earners more than higher-earning taxpayers, according to an updated report.

The report, from Syracuse University’s Transactional Records Access Clearinghouse, or TRAC, follows up on a report released earlier this month that covered IRS statistics through the end of last year. It found that low-income workers earning less than $25,000 in total gross receipts were being audited at a rate five times higher than everybody else in fiscal year 2021. The latest report examined IRS tax audits through the end of February. It found the IRS has completed 132,922 audits of low-income wage earners with less than $25,000 in total gross receipts, up from 105,978 audits completed by the IRS a year ago at the end of February 2021.

The report notes that if the IRS continues at this same pace for the rest of this fiscal year, audit rates would inch up to 13.5 per 1000 returns, or slightly higher than the phenomenally high rates last year.

https://www.accountingtoday.com/news/irs-continues-to-audit-poorest-families-more-heavily-this-year

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