More Rich Americans Will Soon Be Hit With an IRS Audit, Werfel Pledges
CPA Practice
MAY 3, 2024
The IRS said it’s gearing up to increase audit rates by more than 50% on wealthy taxpayers with more than $10 million in total positive income and nearly triple audit rates on corporations with assets over $250 million by 2026, Commissioner Danny Werfel said on Thursday, as the agency released an update to its strategic operating plan.
Let's personalize your content