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November 01, 2004
IRS Audits Down The Transactional Records Access Clearinghouse reports: The latest available data from the IRS show that the pace of corporate audits is running well below the record-low levels of FY 2003...The finding about slumping corporate audits conflicts with repeated statements by IRS Commissioner Mark W. Everson in the weeks before the April 15 tax-filing day asserting that the agency had halted the long slide in the government's efforts to police corporate non-compliance. Both the IRS Oversight Board and the GAO have expressed concern about the impact of the decline in IRS audits.Posted by chris at November 1, 2004 08:46 AM
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