Bipartisan infrastructure deal could make it harder for tax cheats to elude IRS

As a result of the cuts, the number of IRS examinations dropped by 40 percent between 2010 and 2018, even as the number of tax returns filed increased by 5 percent, the CBO found. The audit rate for returns with more than $1 million in income dropped even further, by 63 percent. And while nearly all corporations with assets of $20 billion or more were audited in 2010, just half were audited in 2018, the CBO found.

Source: WP