According to IRS data obtained by Syracuse University, there was a sharp decline in IRS audits from fiscal year 2007 to fiscal year 2008. The biggest drop was in individuals with incomes exceeding $1 million. The audit rate for this group is now 6.5 per 100 returns or a 19% drop from the previous year.
This finding contradicts the IRS claim that they were increasing enforcement. Insert your own Obama Cabinet joke here.
This finding contradicts the IRS claim that they were increasing enforcement. Insert your own Obama Cabinet joke here.
Labels: IRS Audit