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Biden IRS Will Face Stark Inequity in Audit Targets (Podcast)

Nov. 20, 2020, 9:45 AM

Research from former IRS economist Kim Bloomquist made waves last year when he found that the agency’s audits of low-wage Earned Income Tax Credit filers had been going up while audits of high-income earners were going down.

Bloomquist joins Bloomberg Tax editor Yuri Nagano on our weekly podcast, Talking Tax, to discuss why this has been happening and how—or even whether—the Biden administration will attempt to tackle this problem.

To contact the reporter on this story: David Schultz in Washington at dschultz@bloombergindustry.com

To contact the editors responsible for this story: Rachael Daigle at rdaigle@bloombergindustry.com; Kathy Larsen at klarsen@bloombergtax.com

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