IRS audits of millionaires plunged 72%

Fewer than two out of every 100 taxpayers reporting over $1 million in income were audited by the Internal Revenue Service in fiscal year 2020, according to a new report.

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Original Article Posted at : https://www.accountingtoday.com/news/irs-audits-of-millionaires-plunged-72-in-8-years