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Year: 2022

Why does IRS funding impact audits?

The process of auditing can be costly for the IRS. As a government agency, it relies on funding from the federal government to operate. When funding for the agency is low, it often leads the IRS to avoid auditing people making the most money. These higher earners pose...

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Why does the IRS perform audits?

The idea of a tax audit is nerve-wracking for most people. However, the Internal Revenue Service usually does not perform an inspection at random. There are several reasons that people might receive an audit notice. The IRS is more likely to audit someone if the...

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