 |
|
A year ago CBS reported on a study by the Transactional Records Access Clearinghouse at Syracuse University, which found that “About 13 tax returns out of 1,000 filed by those earning less than $25,000 were audited in the fiscal year ended September 30, compared with a rate of 2.6 for every 1,000 returns for people with incomes above $25,000.”
This appeared to be due to lower income citizens claiming an Earned Income Tax Credit, a program which was expanded during COVID-19. But is auditing the poor really the best use of IRS resources?
|
|
|
|
