A sign marks the Internal Revenue Service headquarters building on January 30 in Washington, DC. The IRS detailed its plans on May 2 to significantly ramp up audit rates of wealthy taxpayers.
Mandatory Credit: J. David Ake/Getty Images via CNN Newsource
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IRS plans to increase audit rates of wealthy taxpayers by 50%
The Internal Revenue Service detailed its plans Thursday to significantly ramp up audit rates of wealthy taxpayers and large corporations, using funds provided by the Democrat-backed Inflation Reduction Act that passed in 2022.