Black Americans in the US experience IRS audit rates three to five times higher than other taxpayers, according to research. The Internal Revenue Service (IRS) is now taking steps to reduce the disproportionate auditing of Black people in the country. IRS Commissioner Daniel Werfel wrote a letter to Senator Ron Wyden stating that the agency is working to overhaul compliance efforts in order to ensure fair and equitable tax administration. As part of the initiative, the IRS is modifying how it audits those who have received the earned-income tax credit, which aims to assist low-income employees. The agency is also targeting affluent individuals and utilizing artificial intelligence technologies to improve tax enforcement. The IRS will assess the effectiveness of these changes in the coming months.
Source: theGrio [ Read More ]
