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CBS News
August 16, 2019

IRS budgets cuts costing the feds billions of dollars
By Irina Ivanova

Proponents of IRS budget cuts argue that they force the agency to work more efficiently. But the study refutes that claim, Towery said. "We see a net decrease in revenues. It's mostly because they're auditing fewer returns. If you have fewer resources, you're still leaving money on the table. "Keep in mind, we're only looking at large corporations," she added. "This doesn't talk about individual audits, smaller corporation audits, partnership audits—all these other types of firms." It's not only big companies that face a lower risk scrutiny from the IRS. Research out of Syracuse University earlier this year indicates that the rate at which the IRS audits millionaires has fallen by half since 2010. Just 3% of the highest-earning filers are audited.

Transactional Records Access Clearinghouse, Syracuse University
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