{"id":68312,"date":"2022-04-16T15:01:00","date_gmt":"2022-04-16T19:01:00","guid":{"rendered":"https:\/\/framinghamsource.com\/?p=68312"},"modified":"2022-04-16T16:06:37","modified_gmt":"2022-04-16T20:06:37","slug":"sen-warren-wants-irs-to-move-swiftly-to-end-the-targeting-of-low-income-americans-for-tax-audits","status":"publish","type":"post","link":"https:\/\/framinghamsource.com\/index.php\/2022\/04\/16\/sen-warren-wants-irs-to-move-swiftly-to-end-the-targeting-of-low-income-americans-for-tax-audits\/","title":{"rendered":"Sen. Warren Wants IRS To &#8216;Move Swiftly to End the Targeting of Low-Income Americans&#8217; for Tax Audits"},"content":{"rendered":"\n<p>In<em>&nbsp;full transparency, the following is a media release from Sen. Elizabeth Warren\u2019s office. She was elected by voters in the Commonwealth of Massachusetts to serve the state in Washington DC in the US Senate. She is a Democrat<\/em>. (stock photo)<\/p>\n\n\n\n<p>***<\/p>\n\n\n\n<p><strong>[broadstreet zone=&#8221;59982&#8243;]<\/strong><\/p>\n\n\n\n<p>WASHINGTON DC &#8211; United States Senator Elizabeth Warren (D-Mass.), a member of the Senate Finance Committee, and United States Representative Judy Chu (D-Calif.), a member of the House Ways and Means Committee, sent a letter to Secretary of the Treasury Janet Yellen and Internal Revenue Service (IRS) Commissioner Charles Rettig expressing concerns about higher IRS tax audit rates for low-income Americans and Commissioner Rettig\u2019s response in a recent House hearing to new findings about these high audit rates. <\/p>\n\n\n\n<p>The lawmakers are calling for the IRS to stop unfairly targeting low-income Americans with audits and are asking the Treasury Department and IRS for information about their audit rates for low-income Americans and their plans to release audit data to the public.\u00a0<\/p>\n\n\n\n<p>\u201cWe know the IRS suffers from underfunding, and we are working to secure substantial, permanent funding so the IRS can take on the tax cheating of giant corporations and the ultra-wealthy. But, we also urge you to move swiftly to end the targeting of low-income Americans, in line with the Administration\u2019s commitment not to increase audits of taxpayers making under $400,000\u2026 The most vulnerable taxpayers should not shoulder the burden of insufficient IRS enforcement funding simply because they require fewer resources to audit,\u201d\u00a0wrote the lawmakers.\u00a0<\/p>\n\n\n\n<p><strong>[broadstreet zone=&#8221;59983&#8243;]<\/strong><\/p>\n\n\n\n<p>A recent analysis of FY2021 tax data by the Transactional Records Access Clearinghouse (TRAC) at Syracuse University found that the IRS audits low-income families with less than $25,000 in gross receipts at five times the rate of everyone else. When Representative Chu asked Commissioner Rettig about these concerning audit numbers at a March 17 House Ways and Means Subcommittee on Oversight hearing, he called the findings \u201cabsolutely 100% false,\u201d and stated that he was \u201ctired of having to deal with this issue.\u201d But the sources that he referred to in his assertions are outdated and do not support his claim. The new TRAC data is the most recent and most accurate data available on tax filing in FY2020 and FY2021.<\/p>\n\n\n\n<p>While the Biden administration\u2019s American Families Plan Tax Compliance Agenda committed to not increasing the rates of audits for those earning less than $400,000 annually, there is no consistent public release of audit data or a plan to release audit data, making it virtually impossible to monitor compliance with this commitment.\u00a0<\/p>\n\n\n\n<p><strong>[broadstreet zone=&#8221;59984&#8243;]<\/strong><\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"683\" src=\"https:\/\/framinghamsource.com\/wp-content\/uploads\/2022\/04\/Copy-of-Pet-Adoption-1-1024x683.jpg\" alt=\"\" class=\"wp-image-67381\" srcset=\"https:\/\/framinghamsource.com\/wp-content\/uploads\/2022\/04\/Copy-of-Pet-Adoption-1-1024x683.jpg 1024w, https:\/\/framinghamsource.com\/wp-content\/uploads\/2022\/04\/Copy-of-Pet-Adoption-1-300x200.jpg 300w, https:\/\/framinghamsource.com\/wp-content\/uploads\/2022\/04\/Copy-of-Pet-Adoption-1-768x512.jpg 768w, https:\/\/framinghamsource.com\/wp-content\/uploads\/2022\/04\/Copy-of-Pet-Adoption-1-1536x1024.jpg 1536w, https:\/\/framinghamsource.com\/wp-content\/uploads\/2022\/04\/Copy-of-Pet-Adoption-1-2048x1365.jpg 2048w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p>Senator Warren and Representative Chu noted the need to give the IRS additional funding to help it overcome its chronic underfunding and pursue better enforcement strategies for higher-income taxpayers and large corporations, but they called on the Treasury Department and the IRS to immediately stop targeting low-income taxpayers with audits. <\/p>\n\n\n\n<p>The lawmakers are asking the Treasury Department and IRS to answer a set of questions and provide data about audit rates for different income groups and their plans to release public data by April 25, 2022.<\/p>\n\n\n\n<p>Read the <a href=\"http:\/\/ct.symplicity.com\/t\/wrn\/da67492ad9ba2c72e429ec2c9465488d\/2665571418\/realurl=https:\/www.warren.senate.gov\/imo\/media\/doc\/2022.04.12%20Letter%20to%20IRS%20and%20Treasury%20re%20audit%20data.pdf\">Text of Letter here.<\/a><\/p>\n\n\n\n<p><strong>[broadstreet zone=&#8221;58610&#8243;]<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>In&nbsp;full transparency, the following is a media release from Sen. Elizabeth Warren\u2019s office. She was elected by voters in the Commonwealth of Massachusetts to serve the state in Washington DC in the US Senate. She is a Democrat. (stock photo) *** [broadstreet zone=&#8221;59982&#8243;] WASHINGTON DC &#8211; United States Senator Elizabeth Warren (D-Mass.), a member of [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":3401,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_uf_show_specific_survey":0,"_uf_disable_surveys":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"_wpas_customize_per_network":false},"categories":[15,57],"tags":[477,142,16621],"class_list":["post-68312","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-government","category-state-federal-government","tag-internal-revenue-service-irs","tag-sen-elizabeth-warren","tag-tax-audit"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Sen. 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