Published 2 years ago

Yellen tells IRS not to increase number of audits for middle class

Summary by Ground News

Treasury Secretary Janet Yellen said those making under $400,000 will not be more likely to be audited. The Senate passed a bill last week authorizing additional Internal Revenue Service agents. The hiring of additional agents has drawn the attention and ire of Republican lawmakers who claim the IRS will target low and middle-income Americans.

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Reuters

Yellen tells IRS not to increase middle-class audits if it gets more funding

U.S. Treasury Secretary Janet Yellen told the Internal Revenue Service on Wednesday that if the Inflation Reduction Act became law additional IRS resources should not be used to increase audit rates on taxpayers making under $400,000 a year.

2 years ago·United Kingdom

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CNN

Yellen directs IRS not to use new funding to increase chances of audits of Americans making less than $400,000

Treasury Secretary Janet Yellen on Wednesday directed the Internal Revenue Service not to use any of the new funding allocated in the Democrats' new health care and climate bill to increase the chances of Americans making less than $400,000 a year getting audited, according to a copy of the letter obtained exclusively by CNN.

2 years ago·Atlanta, United States

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KIFI

Yellen directs IRS not to use new funding to increase chances of audits of Americans making less than $400,000 - Local News 8

By Kate Sullivan, CNNTreasury Secretary Janet Yellen on Wednesday directed the Internal Revenue Service not to use any of the new funding allocated in the Democrats’ new health care and climate bill to increase the number of audits of Americans making less than $400,000 a year, according to a copy of the letter obtained exclusively by CNN.The letter to IRS Commissioner Charles Rettig comes amid attacks from Republicans that the $80 billion the I…

2 years ago·Idaho Falls, United States

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New York Post

Yellen tells IRS not to use $80B funding on middle-class, small business audits

Yellen sought to assuage concerns despite sharp criticism from Republicans.

2 years ago·New York, United States

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KVIA

Yellen directs IRS not to use new funding to increase chances of audits of Americans making less than $400,000

2 years ago·Panama City, United States

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The Hill

Yellen tells IRS not to use new funding to increase middle-class audits

Treasury Secretary Janet Yellen directed IRS officials not to use new funding secured for the agency in Democrats’ Inflation Reduction Act to increase audits on households making under $400,000 annually. In a Wednesday letter to IRS Commissioner Charles Rettig, Yellen reaffirmed a commitment “that audit rates will not rise relative to recent years for households making under…

2 years ago·Washington, United States

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