It was a promise repeated many times by President Joe Biden’s administration: The IRS would conduct more audits of wealthy ...

At the same time, the audit rate for those making under $500,000 declined slightly in 2024, fulfilling a promise by the Biden ...

Four Senate Republicans are seeking answers about a Biden-era Internal Revenue Service (IRS) compliance unit, citing concerns that the office ...

The Biden administration tried ... there could be 8,000 fewer audits of rich people and corporations from 2025 to 2029, according to IRS estimates out last week. And starting in 2026, IRS workers ...

That’s because many of the initial cuts affect the agency’s compliance and enforcement abilities, including complex audits ... the former IRS commissioner under President Joe Biden, who ...

The upside for high earners is clear: Fewer agents means fewer audits and reviews. Under the Biden administration, the IRS made a concerted effort to target the wealthy, aiming to double audit ...

Biden’s IRS was just starting to staff up and launch ... When IRS funding was previously cut, that increased audits on poor people while audits on rich people slowed, said Omeed Firouzi ...

How often does the IRS audit taxpayers? The tax collector pledged to do more audits of rich people and businesses under former President Joe Biden's administration - but for most others ...