Audits on the rise amid a resurgent IRS
If the IRS thinks a taxpayer owes money, its efforts to collect could include levying bank accounts, placing liens on their home, garnishing their salary, and even refusing to issue a passport.
Nobody wants to be audited by the Internal Revenue Service. But somebody has to be.
The IRS audited 3.8 out of every 1,000 returns, or 0.38%, during its fiscal year 2022, down from 0.41% in 2021, according to a recent report from Syracuse University’s Transactional Records Access Clearinghous
Learn more about reprints and licensing for this article.