Tough Times for the IRS

Posted by & filed under Accounting Information Systems, Accounting Principles, Advanced Accounting, All Articles, Auditing, Cost Accounting, Ethical Dilemma, Financial Accounting, Fraud Accounting, Income Taxes, Intermediate Accounting, International Accounting, Managerial Accounting, Video Updates.

Audits and criminal referrals are down sharply by the IRS since Congress cut the tax agency’s budget and management changed priorities.

Questions:
1. How many cases did the IRS’s criminal division bring last year?
2. How many cases did the IRS’s criminal division bring in 2010?
3. According to the IRS’s estimates, how much in taxes goes unpaid by businesses each year?

Source:

Eisenger, J. and P. Kiel. (2018) After Budget Cuts, The IRS’ Work Against Tax Cheats Is Facing ‘Collapse’. Talking Points Memo, Oct. 1 (Retrievable online at https://talkingpointsmemo.com/news/irs-work-against-tax-cheats-collapse).