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 Putting TRAC to Work |
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September 12, 2022 |
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IRS unmasked: Away from politics, America's tax agency has lots of warts, and ammunition
By John Solomon
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An analysis by Syracuse University's Transactional Records Access Clearinghouse (TRAC) found that low-income wage earners with less than $25,000 in total earnings were audited at a rate five times higher than everyone else in fiscal year 2021. The reason? IRS has put an emphasis on auditing beneficiaries of the Earned Income Tax Credit, which is used predominantly by poor and working-class families.
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Transactional Records Access Clearinghouse, Syracuse University
Copyright 2022
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