IRS audits is about to surge. Here's who the agency is targeting.

[IroNat]

Only Getbiggers with incomes over $10 million will be targeted for more audits.

https://www.cbsnews.com/minnesota/news/irs-plans-audit-increase-who-will-be-targeted/?intcid=CNM-00-10abd1h

The agency will focus on wealthy individuals and large corporations:

    The IRS plans to triple the audit rates on large corporations with assets of more than $250 million. Audit rates for these companies will rise to 22.6% in tax year 2026 from  8.8% in 2019.
    Large partnerships with assets of more than $10 million will see their audit rates increase 10-fold, rising to 1% in tax year 2026 from 0.1% in 2019.
    Wealthy individuals with total positive income of more than $10 million will see their audit rates rise 50% to 16.5% from 11% in 2019.

"There is no new wave of audits coming from middle- and low-income [individuals], coming from mom and pops. That's not in our plans," Werfel said.

and

The myth of 87,000 armed IRS agents

The agency also outlined its efforts to bolster hiring, thanks to the new IRA money. In the mid-1990s, the IRS employed more than 100,000 people, but its workforce had dwindled to about 73,000 workers in 2019 due to a wave of retirements and prior funding cuts.

Werfel said the agency has recently boosted its workforce to about 90,000 full-time equivalent employees, and that it plans to expand to about 102,500 workers over the next few years.

"That number won't even be a record high for the IRS workforce; it's well below the numbers from the 1980s and early 1990s," Werfel noted.

He added that the hiring data should dissolve what he called "any lingering myths about a supersized IRS." After the IRA passed, some Republican lawmakers warned in 2022 that the agency would use the money to hire "87,000 new IRS agents to audit Walmart shoppers."

"This should put to rest any misconception about us bringing on 87,000 agents," Werfel noted, adding that many of the new hires are replacing retiring employees.

[Gym Rat]

Govt wants your money.
They of course get medical and pension for life.
Eat bugs and own nothing, only they (the rich) will own everything.

Used to be public servants, not anymore... Just criminals...

[Sissysquats]

  Well, I recall the media reporting a couple years ago the IRS was purchasing large amounts of ammunition

[IroNat]

  Well, I recall the media reporting a couple years ago the IRS was purchasing large amounts of ammunition

You can't trust the Media.

[deadz]

You can't trust the Media. anyone!
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