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Accounting Today
May 5, 2016

IRS Finds Money to Hire Hundreds More Enforcement Employees
By Michael Cohn

The IRSís audit rate has plummeted, particularly of business taxpayers, according to a recent analysis by Syracuse Universityís Transactional Records Access Clearinghouse, or TRAC, which analyzed the IRSís records from fiscal year 2010 through fiscal year 2015. TRAC found that IRS revenue agent hours aimed at corporations with $250 million or more in assets have declined 34 percent, while unreported taxes uncovered by the IRS that would otherwise have been lost to the government dropped 64 percent (see IRS Business Audits Plummet Due to Budget Cuts). Individual taxpayers have also been spared in recent years. Another recent analysis by TRAC found that the odds of being criminally prosecuted by the IRS have fallen as a result of budget cuts at the hands of Congress, decreasing from 13.3 per million population in fiscal year 2013 to 9.2 per million in FY 2015 (see IRS Criminal Prosecutions Continue to Decline).

Transactional Records Access Clearinghouse, Syracuse University
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