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Biden IRS Will Face Stark Inequity in Audit Targets

Talking Tax

English - November 19, 2020 21:14 - 10 minutes - ★★★★ - 96 ratings
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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 has been going up while audits of high-income earners have been going down.
Bloomquist joins us 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.

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 has been going up while audits of high-income earners have been going down.

Bloomquist joins us 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.