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(7,965 posts)
3. And a necessary one, but Congress kept cutting their budget. As a CPA, I saw fewer and fewer audits.
Sat May 31, 2025, 08:34 AM
May 31

Biden passed a bill to increase their funding, but DOGE layoffs circumvented that.

The average taxpayer has his income (wages, bank interest, IRA withdrawals) reported to the IRS. About the only way for him to cheat was fudging Itemized deductions, but the IRS has a computer program to identify that.

Whereas the well to do, with pass through entities , need audits to ensure compliance.

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