👋 Welcome to 5 Things PM! The Internal Revenue Service plans to ramp up audit rates of wealthy taxpayers and large corporations. The audit rate of people earning more than $10 million will increase by 50%, and the agency intends to triple the audit rates of companies with assets over $250 million. The initiative will be paid for with money provided by the Inflation Reduction Act, which was passed in 2022. Here’s what else you might have missed during your busy day: 5 things 1️⃣ Novel idea:... Read this story
