Uncle Sam, that is. CNN.com reported today that tax audits are up 20%.
Key on the Service’s “hit list” are small businesses. It’s difficult to tell whether the increase in small business audits is linked to the focus on s corporations, which I blogged about before but I wouldn’t be surprised.
High income individuals are also targets for increased audits, it seems, largely due to an increase in high income individuals.
The Service has also reported increases in liens and levies – an increase that I have to agree that I’ve seen at the office.
We’ll have to see whether this is the beginning of a trend – or perhaps just a revenue raising measure?
Similar Posts:
- Why do I feel like somebody’s watching me?
- Is SDP Getting Schooled by the IRS?
- IRS Insists Mom is Too Poor to Support Kids
- Being Right Isn’t the Same as Not Getting Audited
- Ask the taxgirl: What To Do When You Get an Audit Notice
