Putting TRAC to Work
  Legal and Scholarly
Cardozo School of Law, Yeshiva University
February 9, 2024

The IRS Audits an Easy Target — The Poor
By George Galan

The Transactional Records Access Clearinghouse (TRAC) conducted a report examining the IRS audits in 2022 and found that low-income taxpayers remain the largest target of audits, with millionaires remaining at low risk of an audit. The reports find the class with the “high[est] audit rates – five and a half times virtually everyone else – were low-income wage-earners taking the earned income tax credit. In contrast, audits of millionaire returns have decreased where “[t]en years ago, the IRS in fact audited 40,965 returns filed by millionaires. This had fallen to just 11,331 audits of millionaires in FY 2020.”......[Citing TRAC data and reports].

Transactional Records Access Clearinghouse, Syracuse University
Copyright 2024
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