 |
|
According to the IRS, low-income taxpayers were targeted for most audits last year. That’s completely illogical.
In a recent study, Syracuse University’s Transactional Records Access Clearinghouse examined the IRS’ auditing practices. According to the clearinghouse, the IRS audited 659,000 returns out of 160 million in 2021. That’s just 0.4% of the total returns. Compared to 2020, that’s a little over 3 in 1,000.
For a long time, the IRS was only interested in anyone earning less than $25,000 per year. These taxpayers were deemed to be five times more likely than the average in 2021 by the clearinghouse to be audited.
|
|
|
|
