GAAP episode 51: Wild IRS and Tax Headlines You May Have Missed
Why does the IRS audit taxpayers at both ends of the income spectrum? What happens if you haven’t filed a tax return? And could the IRS remove a late penalty automatically?
In this episode, Hillary Dobbs-Davis and Evan Ludes dig into some of the wildest recent IRS and tax headlines. We cover:
- Why the wealthiest and lowest-income taxpayers face higher audit rates
- How the IRS may use artificial intelligence to identify unfiled tax returns
- When automatic IRS penalty relief could help
- The updated IRS mileage rates for the rest of 2026
- A very rock-and-roll estate dispute involving Ozzy Osbourne’s longtime accountant (also, a great plug for trust and estate planning.)
Listen in for a quick, slightly strange tour through the tax news you may have missed.
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