Janet Yellen has told the IRS not to use the additional resources to increase audit rates for American families earning less than $400,000 annually.
Yellen told IRS Commissioner Charles Rettig in a letter released by the Treasury Department that any new IRS personnel "shall not be used to increase the share of small business or households below the $400,000 threshold that are audited relative to historical levels."
Yellen said, "contrary to the misinformation from opponents of this legislation, small business or households earning $400,000 per year or less will not see an increase in the chances that they are audited."
Janet Yellen has told the IRS not to use the additional resources to increase audit rates for American families earning less than $400,000 annually
1/25/2023