Why Poorer Americans Are More Likely To Get Audited Than The Rich
Newsy
People making less money in the U.S. are the subject of more audits by the IRS, and the imbalance isn't expected to change anytime soon.
Doing your taxes is tedious and can be a hassle, so when it comes time for tax season, many of us think, “I’ll get around to it when I can.”
There's a lot of room for error, and the less money you have, the easier it is for the IRS to come after you if you make a mistake when filing. That's called an audit, meaning you might owe the IRS even more money later.
On average, each year after everything is filed, the IRS is short more than $400 billion in federal taxes compared to their estimates. That's why they reach back out to people to find out where that money is. The thing is, they usually start with the people who probably don’t have it.
