The U.S. Congress is about to pass legislation that will provide billions of dollars to the IRS to conduct more audits.
The IRS has been criticized for having fewer audits in previous years, especially for having fewer audits of higher-income taxpayers.
But don’t forget that even low-income taxpayers are audited and it’s easier for the IRS to audit lower-income taxpayers since their tax returns are simpler to verify.
If you are facing an audit or think you will call us for a free consultation about your situation. If you believe you can’t handle your tax debt call us to discuss your options including using the IRS Fresh Start Initiative or an Offer In Compromise.
About The New Legislation
The new climate, health, and tax package includes $80 billion for the IRS with more than half of that money intended to pay for enforcement and audits. The IRS will be targeting tax dodgers including those who don’t file tax returns. The rest of the money will be used by the IRS to make it more efficient which includes stepping up collections.
This is certainly the right time to seek professional guidance to clear up your tax issues. Make the phone call.