Incoming Tax Audits and Why You Need a CPA

​Be prepared. Tax audits are coming for the middle class. The United States government recently announced a plan to provide the IRS with $80 billion in additional funds and allow them to hire 87,000 new IRS employees under the Inflation Reduction Act. This upsurge in funding and hiring will result in an aggressive increase in auditing tax returns. The IRS is going to be much more thorough when it comes to collecting taxes and examining tax returns. This also means that there will be higher taxes for anyone the IRS believes has not been paying their fair share.

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