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IRS acts to address wide disparity in audit rates between Black taxpayers and other filers – Metro US

WASHINGTON (AP) — The IRS said Thursday that it has taken steps to address a wide disparity in audit rates between Black taxpayers and others filers, and is more closely examining the returns of larger numbers of wealthy people and major companies. “We are overhauling compliance efforts to advance our commitment to fair, equitable, and […]
United States Daniel Werfel Joe Biden Senate Finance Committee Treasury Department Earned Income Tax Credit
Source: metro.us

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IRS acts to address wide disparity in audit rates between Black taxpayers and other filers

The IRS said Thursday that it has taken steps to address a wide disparity in audit rates between Black taxpayers and others filers, and is more closely examining the returns of larger numbers of wealthy people and major companies. “We are overhauling compliance efforts to advance our commitment to fair, equitable, and effective tax administration and hold ourselves accountable to taxpayers we serve," according to an annual update from the agency. A study from January 2023 involving...
United States Daniel Werfel Joe Biden Senate Finance Committee Treasury Department Earned Income Tax Credit
Source: yahoo.com

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