UPDATE: Tax Increases For The “Wealthy” and More Audits

05/25/21 • 5 min

The current tax and audit regime is changing. Taxes are going up for those making more than $400K and for corporations. On top of that, more funding is going to the IRS to increase their capacity to audit and collect. These are the developments over the last month that you need to know.

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Taxes Made Simple - UPDATE: Tax Increases For The “Wealthy” and More Audits

Transcript

00:00:02.970

This is his taxes made simple. The only podcast that gives you the tax information you need without going too far into the weeds, regulars to this podcast will recognize that it's been about a month since our last episode. And well, a lot has happened. Most of it centers around a growing target on the upper middle class and wealthy as well as corporations in the form of increased taxes and audits. Let's face it with all of the federal spending going on right now, the