Putting TRAC to Work
  News Organizations
The Market Oracle
September 8, 2010

The Government War on Small Business
By Mark B. Rasmussen

A study released by the Transactional Records Access Clearinghouse at Syracuse University shows the IRS has increased its audit hours of small businesses (those with less than $10 million in assets) by 30% over the last five years. At the same time, large corporations’ audit hours are down 33%. The average amount of “underreporting” found for each audit hour of a small- or midsized business was $1,025. For a large corporation, it was $9,354. That’s a good trend if you’re a lawyer at a Fortune 500 firm. It's bad if you're a small business.

Transactional Records Access Clearinghouse, Syracuse University
Copyright 2011
TRAC TRAC at Work TRAC TRAC at Work News Organizations News Organizations