Your IRS
Audit Risk
A few years ago, the IRS came under fire
for lowering the number of audits they were performing. Audits of wealthy individuals
were
down to only half the level of 1992. Total corporate audits were decreasing as well and the
total number of experienced auditors was down significantly from prior years. One contributing factor in the audit
decline that many critics tend to overlook is the tax simplification measures taken a few
years ago. Whether the Code was actually simplified is open to debate, but many of the
loopholes and tax shelters that proliferated in the 1980's were indeed eliminated. air charters Alaskan commercial fishing architects artists and art galleries attorneys auto body and repair bail bond bars and restaurants beauty and barber shops bed and breakfasts car washes cattle auction barns commercial banking commercial printing computers, electronics, and high technology industry drywallers entertainment farming foreign athletes and entertainers furniture manufacturing garment contractors garment manufacturers gas retailers grain farmers hardwood timber independent used car dealers masonry and concrete ministers mobile food vendors mortuaries music industry oil and gas pizza restaurants retail liquor industry taxicabs tobacco industry tour buses trucking wine industry |
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