The IRS said it will “substantially” reduce the number of correspondence audits for filers claiming the earned income tax credit.
from economists from Stanford University, the University of Michigan, the U.S. Department of the Treasury and the University of Chicago.
The IRS aims to curb correspondence audits for the earned income tax credit by helping taxpayers file more accurate returns upfront, which will"increase payment accuracy while reducing administrative burdens for the IRS and the tax filer," according to the letter.Scrutiny of the earned income tax credit
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