Cho, David
as opposed to the typically more complex face-to-face audits. More than half of the correspondence audits initiated by the IRS last year involved low-income people who claimed the Earned Income Tax Credit (EITC),
IRS AUDITS MORE POOR TAXPAYERS BECAUSE IT'S EASIER, CHEAPER THAN TARGETING THE RICH You can remain under the radar by making sure your facts are accurate – that means double-checking your math, making sure your forms match your returns and making sure you entered the correct information for...
Audits for rural Americans And previous research has found that individuals in poor, rural counties are more likely to be audited than those from rich areas. The county where residents are most likely to face an audit is Mississippi's tiny Humphreys County, where the median household income is...
…the idea is that if taxpayers fund the IRS to the tune of $40 billion over the next decade, the IRS will step up audits and collect an additional $100 billion in tax revenue, penalties, and interest. This is lauded as a good because of the supposed “tax gap,”… ...
000 to $5 million was 0.4% for 2020. For those making more than $10 million, it was six times that figure or 2.4%. Filers making $50,000 to $200,000 were audited the least (0.1%). However, the very poor ($1-$25,000), especially those using the Earned Income Tax Credit, were...
Mitch McConnell blocking any Senate action, there may not be any more appropriations bills in 2019… The sad story in full at “IRS admits it audits poor people because auditing rich people is too expensive.” Pair with “The Rich Really Do Pay Lower Taxes Than You.” * Leona Helmsley #...
IRS Audits Focusing More on the Poor, Less on the RichByline: Lorilyn Rackl Daily Herald Staff WriterRackl, Lorilyn
Study shows IRS audits poor Southerners most often
An IRS agent from Texas told the Senate on Wednesday that low-income taxpayers were being singled out for audits and that agents were told to steer clear of friends of agency higher-ups.