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Worried the IRS will audit you? If you make less than $400K, here’s one reason you can relax

Por: MarketWatch Politics April 20, 2023

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Ahead of the bill’s passage, Treasury Secretary Janet Yellen pledged that there would be no increase in the rate of audits for households and small businesses earning below $400,000 “” But and other observers have asked what “historical levels” might actually mean. The audit rate on returns for tax year 2018 is the reference point to remember, IRS Commissioner Danny Werfel told senators on Wednesday. He emphasized that “there’s no... + full article



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