After Years of Lax Enforcement, IRS May Ramp Up Auditing Efforts in 2021
Articles/News, Offshore Account UpdatePosted in on May 28, 2021
The IRS has conducted relatively few audits in recent years. In 2019, the IRS audited just 0.45 percent of individual tax returns, down from 0.59 percent in 2018—and even further down from 1.11 percent a decade prior. But, as New Jersey tax attorney Kevin E. Thorn, Managing Partner of Thorn Law Group, explains, this may change in 2021.
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