In 2022, University of Central Florida freshman Jack Sweeney enjoyed a moment of fame for exposing the private-jet ... the IRS announced renewed efforts to scrutinize private aircraft usage ...
Some Republican lawmakers had falsely claimed that the funding would be used to hire 87,000 new IRS agents to "to audit Walmart shoppers ... where she covers business and personal finance.
Under the Strategic Operating Plan (funded by the Inflation Reduction Act), the IRS is increasing audit rates, expanding enforcement and targeting non-compliance for business taxpayers.
The IRS has also talked about combing through corporate-jet records ... from the 0.1% audit rate in 2019 for these large partnerships, where the earnings pass through the business to the partners ...
IRS auditors and revenue officers are highly trained and skilled interrogators. They have a specific strategy for your audit and already ... attorney "privileged" - private or confidential.
The policy, launched in 2020 by former Treasury Secretary Steven Mnuchin, required the IRS to audit 8% of taxpayers each year who earned more than $10 million. To hit that quota, the agency ...
Republicans often argue increased IRS funding — and thus, taxpayer scrutiny — will hurt middle-class taxpayers and small business owners ... AFP via Getty Images Audit rates dropped ...
The IRS says some promoters are still pushing small businesses to apply, calling the credit a grant, business stimulus payment, or government relief program. The IRS recently said that it still ...
Longtime tax avoiders are realizing they had taken 'false comfort' in thinking they weren't on the IRS's radar Anyone on the receiving end of an IRS audit will say there's never a good time to ...