Wednesday, February 8, 2023

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CTA Crime: Gunpoint Robbery...

A Chicago man was charged last month with the robbery of another man...

Chicago Police: After Lincoln...

In a robbery last year in Lincoln Park, a man was shot and...

2 Men Face Murder...

Noble County, Indiana - Indiana State Police say that two men face charges...

Texas Student Kobe Mcadoo...

A Brazos County grand jury handed down an indictment on Friday against the...
HomeTagsAxpayers who aren't wealthy are subjected to five times as many IRS audits

Tag: axpayers who aren't wealthy are subjected to five times as many IRS audits

Taxpayers who aren’t wealthy are...

In the midst of tax season, many...

Taxpayers who aren’t wealthy are subjected to five times as many IRS audits as those who are.

In the midst of tax season, many are understandably concerned about the possibility of processing difficulties delaying their returns. For low-income families earning less than $25,000 a year, though, there may be more cause for concern. According to Syracuse University's Transactional Records Access Clearinghouse (TRAC), this group is five times more likely to be audited by the IRS than the general population.       On average, TRAC discovered that only 13 out of 1,000 returns filed by taxpayers earning less than $25,000 were audited for the fiscal year that concluded on September 30....

Taxpayers who aren’t...

In the midst of tax season, many are understandably concerned about the possibility of processing difficulties delaying their returns. For low-income families earning less...
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