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0 pointsfunction_seven3y ago0 comments

Whatever indicators they use to select audit recipients may correlate with under-payers, but it's not a guarantee. I'm sure there's some fraction of those they audit that turn out to have paid too much.

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smitop3y ago

They have some data on this (https://www.irs.gov/pub/irs-pdf/p55b.pdf, pages 33-35). Out of 509,917 examinations, 18,988 resulted in a refund. There was $7.0 billion of tax refunded in 2020. For comparison, there was $17.2 billion of additional tax generated with additional recommended and unagreed amounts.

antsar3y ago

Huh, that's a pretty large amount of refunds (granted, still $10B in additional revenue). Interesting data, thank you for sharing.

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0 pointsfunction_seven3y ago0 comments

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smitop3y ago

antsar3y ago

Huh, that's a pretty large amount of refunds (granted, still $10B in additional revenue). Interesting data, thank you for sharing.

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