Location: Westland, Michigan, United States

Graduate of Walsh Institute Of Accountancy (Now Walsh College) Michigan in 1959. Retired in 1987, but still active in the profession **World War II Veteran (Pacific) **PHONE 734-261-1979 **E-MAIL **(Domain Name CPASENSE Registered) **Mentioned in the Journal of Accountancy, SmartPros, Tax Prof Blog, CPA2BIZ, CPA Journal, AccountingWEB, CPATrendlines & More **Search Accounting Blogs: (Includes cpasense)**TOPICS - FINANCE - FEDERAL & MICHIGAN TAXES ** Making Sense Of Your Finance & Taxes

Saturday, June 16, 2007

Congress Instructs IRS To Conduct More Audits

In an effort to raise more revenue, the GAO has directed the IRS to focus on the following types of taxpayers for audits:
* Schedule C filers
* Partnerships and S Corporations, especially S Corp owners who do take appropriate salaries
* Gamblers
* Part-time farmers
* Individuals who file Schedule A and claim large amounts of medical deductions, charitable contributions and job-search expenses
* Investors who do not properly report sales of investment properties


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