IRS Report Announces Major Changes on Who It Targets for Audits

IRS Report Announces Major Changes on Who It Targets for Audits
The IRS building is seen in Washington on Sept. 28, 2020. Erin Scott/Reuters
Jack Phillips
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The IRS is planning to spend tens of billions of dollars to audit wealthy taxpayers and corporations, according to the agency’s strategic operating plan released on April 6.
“People who get W-2s or Social Security payments or have a small business should not be worried about a sudden new wave of IRS audits,” IRS Commissioner Danny Werfel told reporters on April 6 about the agency’s plans. “We’re taking that off the table. Our focus will be on other high dollar areas for quite some time because there’s a lot of work to do in those more complex areas of tax law that will take years to accomplish.”
Jack Phillips
Jack Phillips
Breaking News Reporter
Jack Phillips is a breaking news reporter who covers a range of topics, including politics, U.S., and health news. A father of two, Jack grew up in California's Central Valley. Follow him on X: https://twitter.com/jackphillips5
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