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Yahoo! News - Report: IRS Audits of Businesses Decline

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Yahoo! News - Report: IRS Audits of Businesses Decline
Topic: Miscellaneous 2:50 pm EST, Nov  1, 2004

] The midyear report dealt only with corporate audits. The
] report on 2003, issued last April, found the audit rate
] for all businesses was 2.1 per 1,000 businesses, down
] slightly from the previous year, while the audit rate for
] individuals was 6.5 audits for every 1,000 taxpayers, up
] 14 percent.

If I see this right, the IRS is three times as likely to go after a person as they are to go after a company. Call me crazy, but this seems backwards. Companies, in general, have far more money than individuals and if they're doing something illegal, have people who depend on them. Shouldn't there be more attention paid where it would do the greatest good?

Yahoo! News - Report: IRS Audits of Businesses Decline



 
 
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