A recent analysis by House Republicans estimates that individuals earning an annual income of $75,000 or less would face close to 711,000 additional IRS audits. In addition, Americans earning more than $1 million would receive more than 52,000 audits.

A March 2022 study by the Transactional Records Access Clearinghouse (TRAC) at Syracuse University discovered that low-income households making less than $25,000 are five times as likely to be audited by the IRS as everyone else.

“With this added force, I imagine it will be like the Wild Wild West. Taxpayers and small businesses should expect the IRS to be much more aggressive, by way of audits and other methods, in collecting tax money owed in the coming weeks, months, years,” Scott Curley, the CEO and co-founder of FinishLine Tax Solutions, told The Epoch Times.

HOUSTON, Aug. 16, 2022 /PRNewswire/ -- — FinishLine Tax Solutions, a national tax resolution firm that specializes in tax relief and tax preparation, announced today it ranked #1304 on Inc. Magazine's 2022 Inc. 5000, a prestigious list of the nation's fastest-growing private companies. Marking the company's inaugural appearance on the annual Inc. 5000, FinishLine Tax Solutions was also recognized as one of the top 100 fastest growing financial companies in the United States.