Did you know that the Internal Revenue Service (IRS) anticipates increasing audits on the wealthiest taxpayers, large corporations and large complex partnerships by sizable percentages for tax year 2026? Large corporations with assets over $250,000 million, large complex partnerships with assets over $10 million and wealthy individual taxpayers with total positive income over $10 million will all have their audit rates increased. However, IRS emphasizes that small businesses and taxpayers making under $400,000 will not have their audit rates increased. Find out more details at IRS releases Strategic Operating Plan update outlining future priorities; transformation momentum accelerating following long list of successes for taxpayers | Internal Revenue Service.
- IRS anticipates increasing audits on the wealthiest taxpayers and large corporations