Hey
Information in the IRS Data Book for the years Financial Years (FY) 2012-2021 shows some numbers that should get you concerned. See below.
- In FY 2021, the IRS closed 738,959 tax return audits, resulting in nearly $26.8 billion
in recommended additional tax
- This means some taxpayers had to pay a combined additional $26.8 billion more than they had already paid.
- In FY 2021, 15,403 examinations prevented about $1.7 billion in refund payments
- This means taxpayers were audited and found guilty, resulting in these refunds being thrown off (I always warn my audience about this)
Based on the above, a lot of stuff is going on in the background, and many people are being found guilty.
Remember, those asked to pay additional taxes pay with the penalty and interest because mostly, these audits take place way after the filing deadline.
Therefore, you now know that the IRS is going after taxpayers.
To protect yourself, you need to hire me to plan and prepare your taxes, starting now. Go
to this LINK and click on “Want Me to File Your Taxes?” to get started.
