IRS Audits of Large Corporations on Decline

We often hear about how large corporations are one of the greatest beneficiaries of lenient tax policies of conservative administrations. Now TRAC writes in an email, summarizing a study they just completed: "the audit rate for corporations with $250 million or more in assets has dropped to its lowest point in the last 20 years. The report...further shows that the IRS has shifted audit resources from larger to smaller corporations. In an unprecedented action, the IRS also is seeking a court order to bar future access to agency statistics that are essential for this report."

This report is certainly worth reading. It's not very long and filled with many details of interest.

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This page contains a single entry by published on April 14, 2008 8:23 AM.

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