Stocks are faltering this year and fixed income assets aren’t offering investors much protection. Translation: It’s a good time for market participants to consider alternative investments.
Republicans claim 87,000 agents will boost audits of average taxpayers, while Democrats say hiring will bring more tech, more audits of the rich and much-needed customer service. The GAO notes it phases in over 10 years. IRS has seen so many cuts that new hires bring IRS staff back to earlier levels, according to Charles Rettig, others. Those claiming anti-poverty Earned Income Tax Credit now audited more often than the rich.