Putting TRAC to Work
  News Organizations
The Bharat Express News
September 9, 2023

IRS goes after millionaires, large corporations that owe millions in back taxes

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.

Transactional Records Access Clearinghouse, Syracuse University
Copyright 2023
TRAC TRAC at Work TRAC TRAC at Work News Organizations News Organizations