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More IRS Tax Audits

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October 3  |  Audit Proofing, IRS News  |   admin

Taxpayers, you have been warned.

The IRS requested a 5.33% increase in enforcement activities (examinations, collections, and investigations) for the government’s fiscal year 2011. Increases in the federal government’s budget have allowed the IRS to hire new revenue agents, revenue officers, and special agents.

For FY 2010, the House approved a $5.504 billion increase in the IRS’s budget in order to focus on enforcement activities. In an effort to reduce the “tax gap,” the difference between what the government thinks it should collect and what it actually does, the IRS has been conducting more and more audits of employment tax, income tax, and Schedule C filers especially.

Ensure proper tax preparation with a local qualified CPA. Call our office at 619-497-1040 today.

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