IRS tries to boost audit rates of wealthy
Accounting Today
Accounting Today, an Arizent brand, is the independent news and information resource for tax and accounting professional
The Internal Revenue Service is taking steps to increase its audit rates of higher-income taxpayers after coming under sharp criticism in Congress over its lagging audit numbers, and more of today’s top stories.
The move comes after recent reports found audit rates plummeting for wealthier taxpayers.
In other news today:
The leading CPA financial planners with over $1 billion in assets under management, from Accounting Today's annual ranking.
A recent report says accounting professionals are well-positioned to capitalize on the growing intersection between finance and technology.
A federal appeals court has affirmed a district court’s decision that gave priority to an Internal Revenue Service levy on a decedent’s estate over the decedent’s children’s rights under Louisiana law.
The business software developer has appointed Aziz Benmalek as president of its North America region on a permanent basis.
Investors in digital assets have been pummeled recently by the longest losing streak since 2011, but if they act promptly, they can cut their tax bills.
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Emergency Medical Technician at Ghana 🇬🇭 National Ambulance Services
2yLove to know how it’s ends and what will happen
Consultant
2yInteresting. I will be sure to see how this ends 🤔