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IRS Is ‘Outgunned’ in Audits of Major Companies, Agency Chief Says

  • About 0.3% of corporations were audited in 2018, IRS says
  • IRS funding bump remains stalled as part of Biden economy plan
Charles Rettig
Charles RettigPhotographer: Ting Shen/Bloomberg

The IRS is outmatched in resources and expertise when it audits some of the largest companies in the country, the agency’s top official said.

“We do not have the resources to go after the bigs or the superbigs, as we refer to them, and we get outgunned routinely in that space,” IRS Commissioner Chuck Rettig told House Ways and Means Committee members on Thursday.