Wealthy Taxpayers Beware: IRS to Double Audit Rates for Rich

IRS building | Image by HABesen/Getty Images

FOX Business is reporting that “the IRS is planning to ramp up audit rates of wealthy Americans and large corporations as part of its sweeping effort to crack down on tax cheats.”

“The tax-collecting agency aims to increase the audit rates of taxpayers earning over $10 million by more than 50%. That will bring the audit rate for these individuals to 16.5% in 2026, compared with 10% in 2019,” according to the news outlet.

To read the full FOX Business story, click HERE.

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