Reported about 1 month ago
Despite receiving significant funding to enhance enforcement on high-income earners, the IRS is facing challenges in establishing audit rates for individuals earning less than $400,000. A recent report highlights the agency's slow progress in developing a clear methodology to accurately measure these audit rates while ensuring that scrutiny of lower-income taxpayers remains unchanged. The IRS has committed to refining its approach but acknowledges the complexity involved in delineating audit coverage based on varying income levels.
Source: YAHOO