IRS Audits of Corporations: FY 2003 versus FY 2004 (first 6 months)

IRS Audits by Size of Corporation

FY 2003 versus FY 2004 (first 6 months)

Corporation Asset Size ($ millions)		Number of Audits	Auditor Hours	Average Hours per Audit	Additional Taxes Recommended
Fiscal Year	Asset Size ($ millions)	21,005	5,355,383	255	$13,643,921,576
2003	All Companies	21,005	5,355,383	255	$13,643,921,576
	10 or less	13,608	738,658	54	$413,057,219
	10-50	1,987	271,593	137	$177,280,707
	50-100	782	154,523	198	$139,115,767
	100-250	1,026	266,141	259	$487,313,546
	250 or more	3,330	3,876,039	1,164	$12,292,544,874
2004	All Companies	7,794	1,877,388	241	$4,333,287,919
	10 or less	3,757	239,422	64	$252,365,846
	10-50	1,390	171,629	123	$73,351,254
	50-100	404	64,610	160	$54,317,701
	100-250	505	98,660	195	$200,235,702
	250 or more	1,642	1,285,439	783	$3,739,916,810

* Figures for 'All Companies' includes 272 (FY 2003) and 96 (FY 2004) audits of 1120F returns which are not broken out by asset size.