I'm ok with it, but not. While I do think it's unfair (and maybe illegal?) to specifically target certain people, logically it does make all the sense in the world. It's stupid to audit the poors and the middle class deals with enough.
Now this I'm 100% behind:
The IRS also plans to triple the audit rates of large corporations with assets over $250 million, as well as increase the audit rates of business partnerships with assets over $10 million by tenfold over the seven-year period.
The bad part:
Despite the expected increases, audit rates won’t exceed those reached in 2010 because the number of filings by large corporations, partnerships and wealthy individuals have grown and become more complex, the IRS said.
“Every record been destroyed or falsified, books rewritten, pictures repainted, statues, street building renamed, every date altered. The process is continuing day by day. History stops. Nothing exists except endless present in which the Party is right.”
GORDON wrote: ↑Thu May 02, 2024 4:41 pm
You ever hear the theory that the poor get audited more is because the poor can't afford tax lawyers?
Poor get audited mor because it's very easy. Especially with all the EITC fraud.
GORDON wrote: ↑Thu May 02, 2024 4:41 pmHitting the rich by another 50% could conceivably triple their audit costs. I say triple to make the point, could be 10x. Idk.
That's why the IRS wanted more money. To audit rich people, which is hard.
At the same time, the IRS is increasing its audit efforts, with Werfel noting on Thursday that the agency will focus on wealthy individuals and large corporations:
The IRS plans to triple the audit rates on large corporations with assets of more than $250 million. Audit rates for these companies will rise to 22.6% in tax year 2026 from 8.8% in 2019.
Large partnerships with assets of more than $10 million will see their audit rates increase 10-fold, rising to 1% in tax year 2026 from 0.1% in 2019.
Wealthy individuals with total positive income of more than $10 million will see their audit rates rise 50% to 16.5% from 11% in 2019.
"There is no new wave of audits coming from middle- and low-income [individuals], coming from mom and pops. That's not in our plans," Werfel said.
Got notified my return was under review. "If you don't receive an update, call us at *this number* after 60 days."
*That number* was just an automated "your file is under review" number. Idiots.
Couldn't find a custserv number on irs.gov.
Googled another number. Called it.
45 minute hold time. "Oh let me transfer you to the department you need."
Spoke to 2 different people, "Let me get you to the department you need."
Got to that department. 55 minute hold time.
Talked to person. Spent about 8 minutes verifying I was me.
She went away for 10 minutes. Came back. Let me know my return was under review and I would need to verify some documents (I suspect the college refund stuff).
Currently on 15-40 minute hold to make an appointment with the IRS to verify my documents.
Man they should get more money to keep this high level of efficient service.
"Be bold, and mighty forces will come to your aid."
It was all for nothing. The last person finally figured out that even though the letter said "call in 60 days," what it really meant was call in 120 days, so we cancelled the appointment and I can start over in another 2 months.
"Be bold, and mighty forces will come to your aid."
Government run health care is going to be awesome.
“Every record been destroyed or falsified, books rewritten, pictures repainted, statues, street building renamed, every date altered. The process is continuing day by day. History stops. Nothing exists except endless present in which the Party is right.”