Tag: audits

Nearly Half Of IRS Audits Target Poorest Taxpayers, Report Finds

Nearly half of all IRS audits in 2021 targeted the nation’s poorest taxpayers, according to a new study.

A report released by the Transactional Records Access Clearinghouse (TRAC) on Tuesday said that about 307,000 of the nearly 660,000 audits conducted by the IRS in 2021 were among taxpayers who claimed the Earned Income Tax Credit intended for those making the lowest incomes in the nation, those earning less than $25,000 in total gross receipts.

The poorest families in the study were audited at five times the rate of other Americans.

“Even taxpayers with total positive income from $200,000 to $1,000,000 had only 1/3 the odds of audit compared with these lowest-income wage earners: 4.5 out of every 1,000 compared to 13.0 out of every 1,000 of lowest-income earners,” the study noted.

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“Fraudits Have No Place in Colorado” – Democrat Colorado Secretary of State Issues Emergency Rules Prohibiting Election Audits

Democrat Colorado Secretary of State Jena Griswold on Thursday announced her office issued emergency rules prohibiting election audits.

“My office just issued rules prohibiting sham election audits in the State of Colorado. We will not risk the state’s election security nor perpetuate The Big Lie. Fraudits have no place in Colorado,” Griswold announced, taking a swipe at the Arizona audit.

In Thursday’s press release, Griswold boasted that Colorado’s elections are considered the “safest in the nation.”

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Biden’s Attorney General Issues Chilling Threat: Stop Doing Election Audits or the Justice Dept. Will Get Involved

The Department of Justice’s threat is a red flag to states that the federal government is poised to intervene if states conduct election audits. This should be prompting Republican-led legislatures to begin doing election audits immediately and passing voter integrity laws. The Democratic Party is obviously greatly concerned that elections in the U.S. scrutinize the eligibility of voters to cast ballots in state elections.

“We are scrutinizing new laws that seek to curb voter access and where we see violations we will not hesitate to act,” he said. “We are also scrutinizing current laws and practices in order to determine whether they discredit against black voters and other voters of color. Particularly concerning with in this regard are several studies showing that in some jurisdictions nonwhite voters must wait in line substantially longer than white voters to cast their ballots.”

“The Department of Justice will apply the same scrutiny to postelection audits, according to Garland, to make sure the election reviews fall in line with federal laws meant to protect records and guard against voter intimidation,” the Epoch Times reported.

“Garland referenced the audit taking place in Maricopa County, Arizona, on the orders of the Republican-controlled Senate in the state, noting that the Department of Justice previously sent a letter to Arizona Senate President Karen Fann expressing concern about the review,” the report continued. “Fann said in a response letter that the audit was secure and that a previous plan to canvass some voters was on hold indefinitely. The attempted intervention lacked constitutional authority, experts told The Epoch Times.”

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IRS Plans a 50% Ramp-Up in Audits of Small Businesses Next Year

The Internal Revenue Service is planning to ramp up audits of smaller businesses and their investors by about 50% next year, following years of persistently low examination rates, an agency official said Tuesday.

The result could be a surge in audits of companies ranging from mom-and-pop retail stores and technology startups to investment funds that have historically faced only infrequent checks thanks to the time and effort required at the IRS.

“The IRS is focusing our efforts to increase compliance activity in this area of not only partnerships, but also investor returns related to pass-throughs,” De Lon Harris, the IRS deputy commissioner of examination for small businesses, said at an American Institute of Certified Public Accountants event. For 2021 “we are planning for 50% more than we had in the previous year.”

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