Trump has faced a decade-long tax audit. People who make more money are more likely to be audited, there’s an exception to that rule: People who claim the Earned Income Tax Credit, which is targeted toward low-income Americans.
Thousands of Americans see their tax returns audited every year — but it’s safe to say none have seen an audit go on as long as President Donald Trump’s.
The Trump campaign noted that the Times story has no allegation of wrongdoing against the president. The article is based on “incomplete documents and is “inaccurate as the President has paid tens of millions of dollars in taxes,” a spokesman said. “An audit definitely can drag out,” said Francine Lipman, a law professor at the University of Nevada, Las Vegas, and a certified public accountant. “But not 10 years. That doesn’t pass the smell test.”How long do most people’s audits last? People who make more money are more likely to be audited, there’s an exception to that rule: People who claim the Earned Income Tax Credit.
“People have this conception of an audit that the IRS is going to knock on your door and talk to you,” said Michelle Drumbl, a professor and director at Washington & Lee University School of Law’s Tax Clinic. “The majority of audits would be done by mail.” Lawyers can help taxpayers through an audit — but they can’t speed things up While a taxpayer can respond on their own, IRS agents have little leeway in what they can accept. And taxpayers are not always aware of the required documentation, especially when it comes to providing proof that you have children in your household for the EITC.
When audits are performed on sizable returns or in scenarios where a taxpayer owns multiple businesses, an office or field examination may occur where the taxpayer or their representative meets in person with an IRS agent to go over materials. “The slow, steady situation for represented taxpayers benefits the taxpayer because they can slowly wear down the audit,” Lipman said. “It’s actually a human being that’s the auditor, and they’re motivated to close the cases.”
The IRS handbook stipulates in detail how these audits are performed. Specific personnel are assigned to the audit, and the agency works with representatives for the president and vice president during the review. Personnel are even required to keep the returns locked in a secure drawer and kept in an orange folder.
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