Ken Corbin: Latest News

BRAZIL - 2022/05/22: In this photo illustration, the homepage of the Internal Revenue Service (IRS) website seen on a computer screen through a magnifying glass. (Photo Illustration by Rafael Henrique/SOPA Images/LightRocket via Getty Images) WASHINGTON - The IRS has been increasing its audit rates for earners making $100,000 or more based on data starting from the 2021 fiscal year. The IRS said "resource constraints" have limited the agency’s ability to conduct audits against high net worth individuals as well as major corporations and complex businesses," according to a statement released in May. "Audit rates for taxpayers with incomes of more than $200,000 decreased the most, largely because higher-income audits tend to be more complicated and require auditors to manually review multiple issues," Ken Corbin, chief taxpayer experience officer for the agency, told the House Oversight Subcommittee in May.A 2021 report found that IRS audits overall declined by 44% between the fiscal years of 2015 and 2019. The report found that Americans making more than $5 million per year only had a 2% chance of being audited, according to the report. The most recent announcement by the IRS comes as Democratic leaders push to boost taxes on some high earners and use the money to extend the solvency of Medicare. Under the latest proposal, people earning more than $400,000 a year and couples making more than $500,000 would have to pay a 3.8% tax on their earnings from tax-advantaged businesses called pass throughs.

Internal Revenue Service is offering walk-in hours at dozens of Taxpayer Assistance Centers across the U.S. on Saturday, as part of a broader effort by the backlogged agency to provide better service to taxpayers. TACs are typically not open on weekends, but the agency announced last month that certain locations would offer Saturday face-to-face availability on the second Saturdays in February, March, April and May."Being open on select Saturdays is offered for people to get the help they need when they need it," IRS Wage and Investment Division Commissioner and Taxpayer Experience Officer Ken Corbin said in a statement. "We know that many taxpayers work during the week or have other obligations that make it difficult to get away to take care of their taxes during our routine business hours," he continued, adding, "We're here to help, and people don't need an appointment during these special Saturday hours."FILE IMAGE - The Internal Revenue Service (IRS) building in Washington, DC, on Feb.