IRS audit revenue plunged following mass layoffs, Treasury watchdog finds
Revenue from IRS audits plunged 35% in fiscal 2025 as the agency shed thousands of enforcement workers, according to a new report from the Treasury Inspector General for Tax Administration, an agency watchdog. The IRS collected a total of $6.5 billion from audits in fiscal 2025, which ended Sept. 30, down from $10 billion a year earlier,…
