IRS audits have been extremely rare over the past decade, due to the dramatic decline in the number of Revenue Agents resulting from budget cuts, as well as added responsibilities for those in the field. However, don’t expect this trend to continue.

Rather, audit rates are predicted to jump in future years as Democrats increase IRS funding, boosting audits targeting high-income earners and tax shelters in order to raise revenue to finance their unprecedented government spending programs. According to IRS Commissioner Charles Rettig, the IRS hired 10,000 employees back in 2019 and plans to use these additional resources to increase audits targeting high-income earners with listed transactions first. This will put doctors who purchased syndicated conservation easements, and other abusive tax shelters, in the IRS’ crosshairs.

Moreover, the IRS plans to...