The IRS wants to spend billions on "enforcement." Here's who is most likely to get audited.
CBSN
One of the most gut-tightening phrases for taxpayers is "IRS audit," but years of underfunding and a decline in staffing at the tax agency have pushed the audit rate to a decade-long low. That could soon change under the Inflation Reduction Act, the bill that proposes to give $80 billion to the IRS to beef up enforcement and hiring.
The prospect of a revitalized IRS is causing some consternation among some Republican lawmakers and taxpayers, who express fears that the proposed funding could be used to target workers and middle-class families. Indeed, Republicans on Tuesday warned taxpayers that the agency wants to hire "87,000 new IRS agents to audit Walmart shoppers."
Out of air and pinned by an alligator to the bottom of the Cooper River in South Carolina, Will Georgitis decided his only chance to survive might be to lose his arm. The alligator had fixed its jaws around Georgitis' arm and after he tried to escape by stabbing it with the screwdriver he uses to pry fossilized shark teeth off the riverbed, the gator shook the diver and dragged him 50 feet down, Georgitis told The Post and Courier.