Expanded Enforcement Brought In Millions - Mark Everson - IRS Commissioner
If you earn more than $100,000 or you’re a millionaire, you’re a lot more likely to be audited these days than just a few years ago, according to IRS Commissioner Mark Everson. In his statement on Fiscal Year 2006 Enforcement and Service Results, Everson said the agency made strong progress in a number of key enforcement categories, ultimately bringing in billions of dollars to the Treasury. While total individual returns audited increased by more than 6% in 2006 from 2005, audits of individuals with income of $1,000,000 and higher increased nearly 33% in the same timeframe. Audits of individuals with incomes over $100,000 showed an 18% increase from 2005. Everson also discussed stepped up business audits and IRS activities in the Exempt Organization area. Read his remarks.
Michigan Association of CPAs
Internal Revenue Service
If you earn more than $100,000 or you’re a millionaire, you’re a lot more likely to be audited these days than just a few years ago, according to IRS Commissioner Mark Everson. In his statement on Fiscal Year 2006 Enforcement and Service Results, Everson said the agency made strong progress in a number of key enforcement categories, ultimately bringing in billions of dollars to the Treasury. While total individual returns audited increased by more than 6% in 2006 from 2005, audits of individuals with income of $1,000,000 and higher increased nearly 33% in the same timeframe. Audits of individuals with incomes over $100,000 showed an 18% increase from 2005. Everson also discussed stepped up business audits and IRS activities in the Exempt Organization area. Read his remarks.
Michigan Association of CPAs
Internal Revenue Service
posted by Milt Baker CPA | 10:38 AM
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