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EN
This agency targets individual Americans and small businesses — it must be reformed
['Julio Gonzalez']
d2640
While the agency has long maintained that its enforcement efforts are focused on large corporations and the ultra-wealthy, the truth is that small businesses and middle-class families bear the brunt of its actions.
SEN RICK SCOTT, REP BYRON DONALDS: TRUMP AND BESSENT'S IRS REFORM: LET’S END JOB-KILLING POLICIESTime and again, IRS audits fall disproportionately on small businesses and individuals making less than $400,000 a year.
Larger corporations can afford to absorb the burden of lengthy audits, but for a small business, an audit can be devastating.
A 2023 Government Accountability Office report revealed that more than 90 percent of audits are against middle-class families and small businesses under the $400,000 threshold.
Independent appeals processes must be strengthened so that small businesses can contest government overreach without going bankrupt in the process.