Putting TRAC to Work
News Organizations
The Washington Post
February 27, 2019
The biggest lesson from Michael Cohen’s explosive testimony By Catherine Rampbell
	Since fiscal 2011, the audit rate for large corporations (with at least $10 million in assets) has halved. For households with income of more than $1 million, it has declined by two-thirds, according to IRS data. Likewise, federal prosecutions referred by the IRS have plunged to their lowest level on record, according to data from Syracuse University’s Transactional Records Access Clearinghouse. In fact, adjusted for population size, IRS-referred prosecutions are just a quarter of their early-’90s peak. External Link
	Transactional Records Access Clearinghouse, Syracuse University Copyright 2019