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Significant reductions in the IRS workforce appear to be increasing the number of 'no change' audit closures. The shift could ...
But revenue agents — the IRS workers who perform audits — have seen a much bigger ... Losing a large share of auditors could impact the federal government's ability to collect tax revenue ...
As the IRS faces dramatic staffing cuts, wealthy tax cheats are finding it easier than ever to skip paying their fair share.
In the United States, taxpayers with annual incomes exceeding $200,000 face a higher risk of IRS audits. This threshold is ...
Risk Returns – Clear Start Tax Helps Taxpayers Stay Audit-Ready IRVINE, CA / ACCESS Newswire / June 4, 2025 / The IRS is entering a new era of enforcement, and artificial intelligence is leading the ...
some 3,600 are auditors — meaning the IRS has now lost about a third (31%) of its auditors since Trump’s inauguration in January. This major loss of auditors could impact taxpayers in a significant ...
While the IRS determines the extent to which it will pursue audits on rich households and companies, the Trump administration needs to consider the budget impact of a lighter touch, said Thompson.
In past work with Natasha Sarin, I estimated the impact of investing ... effects of IRS enforcement. In their 2024 journal article, “A Welfare Analysis of Tax Audits Across the Income ...
At the same time IRS audits and enforcement fall ... say the specific nature of the recent cuts will have an outsized impact on collections from the wealthy - and therefore a larger impact ...
Advocacy groups are raising concerns that the staff cuts, which could eliminate as many as 20,000 IRS jobs — roughly ... could significantly reduce audits of millionaires and large corporations ...
To avoid IRS penalties and audits, it's crucial to file and pay ... your tax obligations and avoid costly mistakes. Check: Impact of Trump buyouts on IRS: What to expect this Tax Season 2025 ...