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Fox 22
May 5, 2023

IRS touts Biden's legislation for 'Small Business Week' despite concerns law will hurt small businesses


Both the GAO and Syracuse University's Transactional Records Access Clearinghouse have found in repeated analyses that low-income taxpayers are audited at a much higher rate than high-income earners. Experts say it's difficult to calculate an average cost of an IRS audit for the ordinary American, since each audit is unique to a particular circumstance. Some organizations put the average at thousands for a mail audit and tens of thousands for a more intrusive IRS field audit. That doesn't include additional penalties or potentially thousands of dollars needed to pay for lawyers or accountants to help with the auditing process, which can be complex and require going through confusing paperwork.


Transactional Records Access Clearinghouse, Syracuse University
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