The IRS is auditing the rich. Can you fly under the radar if you’re not wealthy?

IRS sets sights on high-earners: Unpacking the recent crackdown initiative. Amidst the shift, the IRS emphasizes the legal distinction between tax avoidance and evasion. In a notable move, audit rates remain unchanged for earners below $400,000, signaling a targeted effort to address tax matters among the wealthy.

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Source Article: https://www.morningstar.com/news/marketwatch/20231021240/the-irs-is-auditing-the-rich-can-you-fly-under-the-radar-if-youre-not-wealthy

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