IRS to Look More Closely at Filers With High Mortgage Deductions Relative to Income; Up to $1.9 Billion May be Owed.

Audit report is HERE.

From two samples used auditor estimate amounts potentially owed by non filers and those who under report their income.

• For NON FILERS, projected amount owed was from a range from $351 to $899 Million.
• For UNDERREPORTERS, projected amount owed was from a range from $548 Million to $1 Billion.

Originally created and posted on the Oregon Housing Blog.