IRS Still Squeezing the Least Privileged in Our Society – IOTW Report

IRS Still Squeezing the Least Privileged in Our Society

Geller Report

On Wednesday, Syracuse University’s Transactional Records Access Clearinghouse (TRAC) released data provided to it by the Internal Revenue Service (IRS) on audits performed by the agency in fiscal year 2022. Despite the infusion of new funding earmarked for the IRS via last year’s Inflation Reduction Act, the agency continued historic trends of hassling primarily low-income taxpayers, with relatively few millionaires and billionaires getting caught up in the audit sweep.

“The taxpayer class with unbelievably high audit rates—five and a half times virtually everyone else—were low-income wage-earners taking the earned income tax credit,” reported TRAC, noting that the poorest taxpayers are “easy marks in an era when IRS increasingly relies upon correspondence audits yet doesn’t have the resources to assist taxpayers or answer their questions.” Taxing

5 Comments on IRS Still Squeezing the Least Privileged in Our Society

  1. Because the IRS acts as its own court, it should have court-appointed attys available to all taxpayers involved in any dispute with them. And a system similar to courts which allows for dismissal on incompetent or willfully biased representation.

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