The Chicago Entrepreneur

IRS has made ‘limited progress’ figuring out audit rates for those making under $400,000, watchdog says

Two years after the Internal Revenue Service received billions of dollars to strengthen enforcement measures on rich taxpayers while keeping audit rates steady for most Americans, a new watchdog report says the agency still hasn’t settled on a way to count how many audits it makes below the crucial income threshold of $400,000 a year.

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