Results 1 to 4 of 4

Thread: IRS audits may dip this year because of staffing shifts

  1. #1
    Join Date
    Dec 2007
    Location
    Long Neck , De
    Posts
    9,546
    Thanks
    1,277
    Thanked 1,500 Times in 942 Posts

    IRS audits may dip this year because of staffing shifts

    As millions of Americans prepare for the April 17 federal tax filing deadline, the IRS is watching.
    But not always as closely as taxpayers might think.
    Coping with federal budget cuts, a hiring freeze, staffing reductions, an increasingly complex tax code and a surge in tax refund identity fraud, the IRS has found it harder to fulfill its mission of detecting and stopping fraud while responding to taxpayer needs. Although the IRS increased the number and percentage of audits on all individual tax returns in the past decade, agency data show the rates plateaued at 1.1% in fiscal years 2010 and 2011.
    At that rate, about one out of every 90 filers would be audited, said Michael Lacey, a Georgia Institute of Technology mathematics professor. A taxpayer would be more likely to roll six dice and have six unique numbers appear on the first roll than to be audited, said Lew Lefton, Internet technology chief at Georgia Tech's math school.
    But wealthier filers face higher audit rates, IRS data show.
    IRS Deputy Commissioner Steven Miller said in an interview that the audit rate "may drop a little bit this year" because the agency reassigned workers to help deal with a jump in cases of identity-theft-related tax-refund fraud.
    If the overall individual audit rate drops below 1%, it would be the first time that's happened since 2001-2006.
    "The IRS is put between a rock and a hard place" trying to balance its increasing duties and declining resources, said Mark Luscombe, principal tax analyst for CCH, a leading tax and business law information firm.
    Is the IRS worried? "Not yet," said Miller. "We may not be able to do everything, but we're going to ensure that we do what we have to do."
    As the USA's tax collector, the IRS processed more than 234 million tax returns in fiscal year 2011, bringing in more than $2.4 trillion to fund the federal government. Huge? Sure. Yet the IRS' latest estimate of the net tax gap — the difference between what taxpayers owe in a year and what's not paid on time because of mistakes or fraud — totals $385 billion. Read more
    http://www.usatoday.com/money/perfi/...ons/54180938/1

  2. #2
    Join Date
    Jul 2007
    Location
    New Castle, DE
    Posts
    7,120
    Thanks
    2,449
    Thanked 588 Times in 308 Posts

    Re: IRS audits may dip this year because of staffing shifts

    Gimme a green card and some training and I'll gladly rake people over the coals.

    I mean, it's a dirty job, but someone has to do it, right? So why can't it be me getting paid to make people sweat bullets?
    Everyone is responsible for their own happiness.

    Need a translation to/from Spanish?
    www.rushingpages.com


  3. #3
    Join Date
    Apr 2011
    Location
    Newark
    Posts
    1,653
    Thanks
    436
    Thanked 717 Times in 454 Posts

    Re: IRS audits may dip this year because of staffing shifts


  4. #4
    Join Date
    May 2007
    Location
    Townsend
    Posts
    9,142
    Thanks
    2,700
    Thanked 2,209 Times in 1,408 Posts

    Re: IRS audits may dip this year because of staffing shifts

    Because the new healthcare law has to be implemented. I wonder what will happen if obamacare goes away? Oh wait we will just have more unemployed.





    This guy is WORSE then Jimmy Carter


Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  
About us
Welcome to Talk Delaware (TD), a forum community where people can get together and talk about things going on in this great state.
Join us