IRS audit odds lowest since 1980s

04/14/2014 // West Palm Beach, Florida, US // JusticeNewsFlash // Justice News Flash // (press release)

Washington – Some say the chances of tax filers being audited this year are lower than they have been since the 1980s due to budget cuts and other issues that leave little time for agents with the Internal Revenue Service to closely monitor returns. As reported by the Associated Press (AP), the issues are also causing millions of calls to taxpayer services to go unanswered.

IRS Commissioner John Koskinen is quoted by the AP as stating of the matter, “We keep going after the people who look like the worst of the bad guys… But there are going to be some people that we should catch, either in terms of collecting the revenue from them or prosecuting them, that we’re not going to catch.”

Technology improvements; however, will help alert the agency to some issues with returns such as employees who claim lower earning amounts than their employers report.

As noted in the report, the IRS audited fewer than one percent of individuals’ tax returns last year, and the numbers are expected to go down.

This report is provided by Justice News Flash – Washington Legal News

Media Information:

Address: 215 South Olive Suite 300 W. Palm Beach FL 33401
Phone: 866-598-1315