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 Putting TRAC to Work |
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September 9, 2023 |
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IRS goes after millionaires, large corporations that owe millions in back taxes
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In fiscal year 2022, the chance of a millionaire being audited by the IRS was 1.1%, according to Syracuse University’s Transactional Records Access Clearinghouse (TRAC). Low-income wage earners taking advantage of the Earned Income Tax Credit (EITC) were more than five times more likely to be audited than other taxpayers.
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Transactional Records Access Clearinghouse, Syracuse University
Copyright 2023
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