President Joe Biden promised that tens of billions of dollars for the IRS in the 2022 Inflation Reduction Act would not be used to increase audits of individuals making $400,000 or less annually. But ...
Critics have said the settlement would violate the separation of powers.
Addendum to agreement that created $1.8 billion “anti-weaponization” fund stipulates that government will cease tax inquiries ...
The IRS has made “limited progress” in determining how many audits it is performing on taxpayers earning less than $400,000, according to a new watchdog report. The magic number is needed to ensure ...
Internal Revenue Service headquarters in Washington, D.C. The Internal Revenue Service's plan under the Biden administration to audit high-income taxpayers appears less likely after staffing and ...
The Internal Revenue Service detailed its plans Thursday to significantly ramp up audit rates of wealthy taxpayers and large corporations, using funds provided by the Democrat-backed Inflation ...
Is an IRS audit less likely amid agency cuts? Some issues are still ‘low-hanging fruit,’ expert says
As of Dec. 18, the IRS was about 27% smaller compared to the start of 2025, with the workforce falling from more than 102,000 in January 2025 to about 74,000 in December. Despite staffing cuts, the ...
WASHINGTON, DC - AUGUST 18: The Internal Revenue Service (IRS) building on Thursday, Aug. 18, 2022 in Washington, DC. (Kent Nishimura / Los Angeles Times via Getty Images) The Senate has officially ...
First, there were trackers on Taylor Swift and other celebrities' private jet usage. Now, the IRS is scrutinizing businesses' use of private aircraft, with the tax agency announcing that it will ramp ...
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