【KPMG Global】United States – High-Income Taxpayers Under IRS Scrutiny Says 2023 Data Book

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2024-099 | April 24, 2024

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2024-099 | April 24, 2024

United States – High-Income Taxpayers Under IRS

Scrutiny Says 2023 Data Book

The U.S. Internal Revenue Service (the “IRS”) released its “2023 Data Book” on April 18, 2024, an

annual publication which details the IRS’s activities during fiscal year 2023.1 The 2023 Data Book

provides IRS compliance statistics for fiscal year 2023 (October 1, 2022, through September 30,

2023), and details the initial impacts of the increased funding provided under the Inflation Reduction

Act of 2022 (“IRA”) on IRS operations2.

WHY THIS MATTERS

The IRS has intensified its enforcement and collections efforts, particularly targeting high-income and high-

wealth (HIHW) individuals.3 Many globally-mobile employees fall into this HIHW category. With the

implementation of various compliance initiatives specifically targeting HIHW individuals, made possible by the

increased funding from the IRA, many assignees within the HIHW category are likely to experience

heightened scrutiny.

The 2023 Data Book underscores the IRS’s growing focus on enforcing tax compliance among HIHW

individuals. Thus, it is advisable for these individuals to exercise due diligence by maintaining comprehensive

records and documentation in anticipation for potential audits.

The 2023 Data Book

According to the 2023 Data Book, the IRS collected approximately $4.7 trillion in revenue and processed

more than 271.4 million tax returns and other forms in the fiscal year 2023. This includes 163.1 million

individual tax returns.

The IRS had a high rate of examination of HIHW individuals, examining 8.7 percent of taxpayers filing

individual tax returns reporting total positive income of $10 million or more for tax years 2013 through 2021.

This rate of audit for high-wealth individuals is significantly higher than the overall rate of individual audits,

which stood at 0.44 percent of individual returns filed for tax years 2013 through 2021.

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