2024-04-24-KPMG_Global-United_States_–_High-Income_Taxpayers_Under_IRS_Scrutiny_Says_2023_Data_Book_3页_197kb

The IRS's 2023 Data Book, released in April 2024, highlights a significant intensification of enforcement and collection efforts against high-income high-wealth (HIHW) individuals, driven by funding from the Inflation Reduction Act. Key points include an 8.7% audit rate for taxpayers with reported positive income of $10 million or more (up from overall 0.44% for all individual returns). IRS activities also involve raising $4.7 trillion in revenue, processing over 271.4 million returns, and launching new initiatives like compliance alerts and the Direct File program to target noncompliance. This heightened scrutiny is expected to affect globally-mobile employees in the HIHW category. Taxpayers are advised to maintain comprehensive records and consult qualified tax professionals to prepare for potential audits.