IRS Shifts Auditing for ‘Life-Changing’ Tax Credits (Podcast)

Overhauling how the IRS audits low-income taxpayers is a critical step toward more fair audits, many in the industry acknowledged following the agency’s announcement earlier this month.

_{Listen here and subscribe to Talking Tax on Apple Podcasts, Spotify, Google Podcasts, Megaphone, or Audible.}

The IRS promised that it would “substantially” reduce audits on refundable tax credits that benefit low-income taxpayers, such as the earned income tax credit. That change follows a study released in January that found Black taxpayers claiming the EITC were audited at higher rates than non-Black taxpayers claiming the ...