You May Have a Greater Chance of Being Audited in 2020

Filing taxes is stressful enough in its own right. Throw the idea of getting audited into the mix, and it can throw even the most diligent taxpayer into a panic. But audits have decreased in recent years, largely because the IRS has been underfunded and understaffed.

That's all changing in 2020, though.

The IRS anticipates an uptick in funding for the upcoming year, which means the agency will have more manpower to handle taxpayer inquiries and process returns more quickly. The agency also plans to update its computer systems for more accuracy on the tax-filing front.

Continue reading


Source Fool.com