Meanwhile, I’m a widow. Lost husband suddenly, cardiac death in 2022. I filed married join return for 2022 as allowed. This year had to file single first time in 38 years. E filed 2.10.23. Got a letter from IRS holding my refund to verify my income. I had a reduced income due to loss of spouse. They are questioning my income drop even though the accountant sent his death certificate in 2022 and they can figure out obviously why my income dropped drastically.
But a friend of mine who does taxes had a man come in with W-2 of income of 500.00 for 2023 and he had 8 birth certificates for his 8 children. His refund was 24K. He received it in less then 21 days.
He told me that IRS IS AUDITING even people making 25,000 or less. Well I am the lucky one who is being questioned.
Liaison wrote:
“
The new reportable transaction level is $600.00. Who did you think they were going after? The threshhold is so low that the enforcement needed more stooges to do the work and what is interesting they are having trouble even getting people to apply. I guess a possible toxic work environment is not were people want to be.
“
It’s $5000 this year, and $500 next year.