3 ms·
They have some data on this (https://www.irs.gov/pub/irs-pdf/p55b.pdf https://www.irs.gov/pub/irs-pdf/p55b.pdf, pages 33-35). Out of 509,917 examinations, 18,98
by smitop 5y ago
They have some data on this (https://www.irs.gov/pub/irs-pdf/p55b.pdf https://www.irs.gov/pub/irs-pdf/p55b.pdf, pages 33-35). Out of 509,917 examinations, 18,988 resulted in a refund. There was $7.0 billion of tax refunded in 2020. For comparison, there was $17.2 billion of additional tax generated with additional recommended and unagreed amounts.
- antsar 5y agoHuh, that's a pretty large amount of refunds (granted, still $10B in additional revenue). Interesting data, thank you for sharing.