this post was submitted on 01 May 2025
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The Accountant's Revenge (lemmy.world)
submitted 1 week ago by [email protected] to c/[email protected]
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[–] [email protected] 7 points 1 week ago

Under the Biden administration, the IRS made a concerted effort to target the wealthy, aiming to double audit rates for those making more than $10 million a year and launching a campaign to investigate private-jet owners. Now, especially with the potential dismantling of the Department of Justice Tax Division, the tax enforcement ranks are rapidly dwindling.

“The agency is like a zombie right now,” said Kathleen Pakenham, partner at Vinson & Elkins, who handles corporate and high-net-worth tax cases. “There is no brain in charge of what’s happening on the ground.” -NBC News