The Internal Revenue Service said that black taxpayers are audited at a higher rate than would be expected, according to an internal investigation.

<div class="block">The Internal Revenue Service said that black taxpayers are audited at a higher rate than would be expected, according to an internal investigation.</div>

Closing Bell

IRS Says Black Taxpayers More Likely to Get Audited

The IRS said that black taxpayers are audited at a higher rate than would be expected given their share of the US population. That's according to an internal investigation done by the IRS. Well, the finding comes after researchers found that Black Americans are up to five times more likely to have their federal tax returns audited compared to taxpayers of other races. The IRS doesn't track the rates of filer but the agency said the higher audit rate for black taxpayers is due to a flawed artificial intelligence algorithm that it relies on the IRS plans to use some of its recent $80 billion funding to work on the issue.