Tags: irs | audits | wealthy | strategic operation plan | biden administration | inflation reduction act

IRS' Plan to Target Wealthy With Audits 'Incredibly Concerning'

By    |   Friday, 10 May 2024 08:56 AM EDT

The Internal Revenue Service's plans to aggressively increase audits is "incredibly concerning" to many economists and others who warn of targeting specific economic groups.

On May 2, the agency released an update to its "Strategic Operation Plan" detailing how it plans on spending the $80 million boost it received thanks to the Biden administration's 2022 "Inflation Reduction Act."

Marisa Herman

Marisa Herman, a Newsmax senior reporter, focuses on major and investigative stories. A University of Florida graduate, she has more than a decade of experience as a reporter for newspapers, magazines, and websites.

© 2025 Newsmax. All rights reserved.


platinum
The Internal Revenue Service's plans to aggressively increase audits is "incredibly concerning" to many economists and others who warn of targeting specific economic groups.
irs, audits, wealthy, strategic operation plan, biden administration, inflation reduction act
1103
2024-56-10
Friday, 10 May 2024 08:56 AM
Newsmax Media, Inc.

Sign up for Newsmax’s Daily Newsletter

Receive breaking news and original analysis - sent right to your inbox.

(Optional for Local News)
Privacy: We never share your email address.
Join the Newsmax Community
Read and Post Comments
Please review Community Guidelines before posting a comment.
 
Get Newsmax Text Alerts
TOP

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved
NEWSMAX.COM
MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved