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San Francisco Chronicle
November 8, 2012

IRS Targeting Small and Medium Sized Businesses?

In a study conducted at Syracuse University by the Transactional Records Access Clearinghouse, it was found that the audits of small businesses with $10 to $50 million in assets were responsible for an additional $702 per hour in assessed taxes. By contrast, when reviewing audit data for companies with over $250 million in assets, it was found that the assessed taxes were responsible for an additional $9,173 per hour. That is a difference of $8,471 per hour when large companies are audited, yet the audit rate for these large companies is up just 7.4 percent.

Transactional Records Access Clearinghouse, Syracuse University
Copyright 2012
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