What Is A Fair IRS Audit Rate?

The IRS is getting $80 billion in the Inflation Reduction Act. Who will they use that money to audit? And what should the audit rate be, anyway?

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Show Notes

2:25 – davidleary on Twitter: "How come @amazon can do this with a $20 picture frame ...but @Ford can't do it with a $50k automobile? How do you lose a Mustang #MachE?!?!!?!? I find it hard to believe that a company puts millions $$$ of automobiles on train cars ...and can't track them. cc @jimfarley98 https://t.co/YmHTXsbqlR"
9:04 – How will the IRS use $80B in funding it could receive from the Inflation Reduction Act?
14:01 – Tax Compliance:Trends of IRS Audit Rates and Results for Individual Taxpayers by Income
22:10 – Twitter: What % of individual income tax returns should the IRS audit?
27:29 – IRS Deletes Job Posting Seeking Applicants Willing to ‘Use Deadly Force’ | National Review
29:26 – Tweet by Adam Markowitz
31:15 – Hyperbolic GOP claims about IRS agents and audits - The Washington Post
53:09 – Opinion | Inside the IRS ‘Pipeline’ used to process tax returns - Washington Post
57:57 – AICPA demands IRS answer calls on 'plummeting' practitioner priority phone line
59:59 – AICPA weighs in on Inflation Reduction Act
Private-equity lobbyists have won their latest battle to preserve the carried-interest tax break.
1:03:59 – Avalara To Go Private With $8.4B Acquisition By Vista Equity
Avalara to be bought by private investment firm
1:05:40 – Mailchimp Bans Crypto Companies Again
1:06:05 – Mark Cuban, Mavericks in hot water over Voyager 'Ponzi scheme'
1:08:49 – Letter from Tom Herbert – Thank you!
1:10:00 – Message from Aileen Asche via CloudAccountingPodcast.com - blake@earmarkcpe.com - Earmark Mail
1:11:58 – Message from Brian – Thank you!

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What Is A Fair IRS Audit Rate?
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