Thursday, November 03, 2005

IRS increases audits of corporations, wealthy taxpayers - billingsgazette.com

IRS increases audits of corporations, wealthy taxpayers - billingsgazette.com: "RS increases audits of corporations, wealthy taxpayers

By MARY DALRYMPLE
Associated Press

WASHINGTON -- More corporations and wealthy taxpayers had their tax returns audited by Internal Revenue Service examiners this year, helping the agency haul in a record $47.3 billion in unpaid taxes.

IRS Commissioner Mark Everson said the audit rate of high-income individuals and families, those who report earning $100,000 or more, is 'still too low.'

'I haven't set a specific target,' Everson said. 'Our No. 1 area of emphasis has been to increase our work in high-income individuals and corporations. We do that because of the sense of fairness that resonates throughout the rest of the system.'"

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