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Market
IRS audit success rate for large corporations in 2024
4
Resolution / Starting Odds
Less than 25% • 33%
25% to 50% • 33%
More than 50% • 34%
IRS annual report or public financial data
Story
IRS to Boost Audit Rates by 50% for Wealthy, Tenfold for Large Partnerships
May 2, 2024, 07:40 PM
The IRS has announced plans to significantly increase its audit rates, targeting wealthy taxpayers and large corporations. According to a strategic plan update, the agency aims to more than double the audit rate for the wealthiest taxpayers by 50% and nearly triple it for large corporations with assets over $250 million. Additionally, audit rates for large, complex partnerships with assets over $10 million are set to increase tenfold. IRS Commissioner Danny Werfel emphasized that the initiative is designed to crack down on tax cheats and enhance revenue for the U.S. Treasury, although not all taxpayer groups will face increased scrutiny.
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Mostly large corporations • 33%
Mostly high-income earners • 33%
Mostly partnerships • 34%
Significantly increased compliance • 33%
Moderately increased compliance • 34%
No change in compliance • 33%
Increase in compliance departments • 25%
Restructuring of corporate assets • 25%
Legal challenges against the IRS • 25%
No significant change • 25%
Highly effective • 33%
Moderately effective • 33%
Ineffective • 34%
Increase in compliance staff and measures • 25%
Public opposition or lobbying against the audits • 25%
Legal action taken against the IRS • 25%
No significant change • 25%
Exceeds projections • 33%
Meets projections • 34%
Falls below projections • 33%
Less than 10% • 25%
10%-20% • 25%
20%-30% • 25%
More than 30% • 25%
No additional taxes due • 33%
Tax payment under $50 million • 33%
Tax payment over $100 million • 34%