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Inflation Reduction Act


IRS is behind on Biden policy to not increase audits for households under $400K

IRS is behind on Biden policy to not increase audits for households under $400K

TIGTA said that IRS also should examine adjustments for cases when two spouses each earn less than $400,000 but together make more than that amount and craft a definition for small businesses, which the 2022 directive also exempts from the increased audit rate.