IRS Tells Taxpayers to Claim Income from Illegal Activities?
by Snopes
Snopes— The agency's regulations also list how to report embezzled funds.
The Fiscal Times—IRS Unveils Plan to Crack Down on Wealthy Taxpayers. Michael RaineyMay 2, 2024The IRS wants to increase its audit rate for taxpayers earning more than $10 million by about 50%, according to an
Fox Business—IRS plans to more than double its audit rate of wealthy taxpayers. The IRS is planning to ramp up audit rates of wealthy Americans and large corporations as part of its sweeping effort to crack down on tax cheats. The tax-collecting agency aims to increase the audit rates of taxpayers earning over $10 million by more than 50%. That will bring the audit rate for these individuals to 16.5% in 2026, compared with 10% in 2019. It also plans to nearly triple audit rates on large corporations with assets over $250 million, as well as increase the audit rates of...
syracuse.com—MLB tells Yankees pitcher that he used an illegal pitch. Nestor Cortes is known for his deceiving leg kicks and windups; Major League Baseball said he recently went too far.