IRS Eyes on Taxpayers Earning Below $1M

A recent article reveals that over 80% of IRS audits target taxpayers making less than $1 million per year. As a business owner or high-income individual, you could be at risk even if you don't consider yourself ultra-wealthy. In this week's video, Jeff Trapp, founder of The Tax Planning Pros breaks down what's really happening inside the IRS and shares key tips to avoid catching their attention and triggering an audit. Jeff explains that while the IRS claims to use new funding to pursue high-net-worth individuals and large corporations, the data shows they actually go after "easier targets" - everyday taxpayers and small business owners making under $1 million annually. Why? Simple - they know most ordinary folks don't have the resources to endure a lengthy litigation battle with the IRS. So when faced with an audit notice, many just pay up rather than fight it. This represents tens of billions in revenue for the IRS. And you could be the next target even if you've always filed your taxes carefully and properly. Be sure to download a copy of our free Tax Playbook to discover a wealth of legal tax strategies at https://go.thetaxplanningpros.com/. Tune in now, and be sure to like, subscribe and share our podcast.