Tax Changes: IRS to Ramp up Audits for High-Income Taxpayers and Corporations
The Internal Revenue Service (IRS) has announced significant changes in its audit strategy in the upcoming 2025 and 2026 year, aiming to increase the audit rates of wealthy individuals and large corporations. This shift, funded by the Inflation Reduction Act of 2022, represents a substantial effort to enhance tax compliance and equity in the tax …
Tax Changes: IRS to Ramp up Audits for High-Income Taxpayers and Corporations Read More »
