Putting TRAC to Work
  News Organizations
Chicago Tribune
April 10, 2013

Tax audits less likely this year, group suggests
By Staff and wire report

U.S. tax collectors plan to put 18 percent less staff time into scrutinizing the books of the biggest U.S. companies this year compared with the last two years, say internal documents obtained by a non-partisan watchdog group. The Internal Revenue Service data apply to businesses with assets above $10 million for the 2013 fiscal year ending Sept. 30, according to an IRS plan that the Transactional Records Access Clearinghouse (TRAC) released on Tuesday. The data also suggested individual taxpayers will be less likely to be audited, as well. IRS audits dropped 5.3 percent in federal fiscal year 2012 to 1,481,966 audits of individual tax returns, based on IRS data analyzed by TRAC.

Transactional Records Access Clearinghouse, Syracuse University
Copyright 2013
TRAC TRAC at Work TRAC TRAC at Work News Organizations News Organizations