. . . May 16, 2023 · Last year’s Inflation Reduction Act, one of President Biden’s chief legislative victories, included $80 billion for the IRS over 10 years to increase its audit rate of high-income individuals. .

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Last year’s Inflation Reduction Act, one of President Biden’s chief legislative victories, included $80 billion for the IRS over 10 years to increase its audit rate of high-income individuals.

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The odds are low that you'll be audited: As of May 2022, the IRS had audited only 0.

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The Internal Revenue Service said on Monday that Black taxpayers have been far more likely to be audited than others and that it is considering changes. Data is not yet complete for the more recent years,. Last year, 3. . . . .

What triggers an IRS.

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Last year’s Inflation Reduction Act, one of President Biden’s chief legislative victories, included $80 billion for the IRS over 10 years to increase its audit rate of high-income individuals.

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