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 Putting TRAC to Work |
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Daily Tax Report, Bloomberg BNA |
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March 16, 2016 |
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IRS Audits Down 22 Percent Compared With Last Year
By Laura Davison
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The IRS conducted about 22 percent fewer audits of large businesses in the first five months of fiscal year 2016 than the agency did in the same time period last year, failing to meet benchmarks set by the agency, according to a report from a Syracuse University group.
Internal management reports indicate the Internal Revenue Service hoped to see audit levels by the Large Business and International Division decrease by only 2 percent, according to a report from the Transactional Records Access Clearinghouse at Syracuse University. The report cited numbers from the memos, but didn't disclose the documents. TRAC obtains documents through Freedom of Information Act requests.
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Transactional Records Access Clearinghouse, Syracuse University
Copyright 2016
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