The Senate approved nearly $80 billion in IRS funding with $45.6 billion for 'enforcement.' Here's who may be affected by more audits.
Ken Corbin, chief taxpayer experience officer for the IRS, said returns claiming the EITC have"historically had high rates of improper payments and therefore require greater enforcement," during a May House Oversight Subcommittee hearing.
For example, let's say you make $150,000 and claim a $50,000 charitable deduction. You're more likely to get audited because it's"disproportionate" to what the system expects, explained Lawrence Levy, president and CEO of tax resolution firm Levy and Associates.may include unreported income, refundable tax credits such as the EITC, home office or auto deductions, and rounded numbers on your return, experts say.
The chance of an audit may increase for self-employed taxpayers, Levy said, depending on their return. However, the odds may not change for traditional workers with an error-free filing, he said.
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