The Booty Report

News and Updates for Swashbucklers Everywhere

Arrr, beware mateys! The tax collectors be on the prowl, lookin' to plunder the coffers of landlubbers!

2024-05-03

Arr, ye scurvy dogs best be keepin' an eye out, for the IRS be comin' for ye loot! Big corporations and wealthy scallywags beware, for they be aimin' to triple the audits. 'Tis a treacherous sea ahead, with a 22.6% audit rate settin' sail in 2026. Aye, the tax collectors be comin' for ye gold!

Arr matey! Thar be trouble brewin' on the horizon for the big fish in the business sea! The scurvy dogs at the Internal Revenue Service be plannin' to sail in and plunder the coffers of corporations, partnerships, and the wealthiest of the wealthy!
The IRS be raisin' its audit rates like a Jolly Roger flag on a stormy day. They be aimin' to triple the audit rate to a whopping 22.6% for them corporations worth over $250 million in the year 2026. Aye, ye heard right me hearties!
This be a vast increase from the measly 8.8% that got their books pillaged by the tax collectors back in 2019. The Biden administration be throwin' gold doubloons at the IRS, givin' them the funds they need to set sail on this treacherous journey.
So batten down the hatches, me mateys! The taxmen be comin' for ye treasures, and there be no escape from Davy Jones' locker if ye be caught in their crosshairs!

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