for the wealthy, the irs says it’s out-gunned.
the percentage of taxpayers audited by the irs has been in precipitous decline since 2010, with the steepest decline in – surprise, surprise! – the highest income bracket, according to a new study.
hoisted from comments:“it is not the auditors who are to blame. it is the irs processes that the auditors are following.”
the odds of a taxpayer being audited are astonishingly low, an average of just 0.25% in 2019, way down from 0.9% in 2010.
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