IRS Audits Drop 16%

IRS Audits Lowest in a Decade
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IRS Audits Drop 16%

bottom line 4 3 2In this week's edition of The Bottom Line, the IRS' recently disclosed 2016 stats are discussed. Surprises are the number of audits, levies and liens the IRS performed last year. Also revealed is how much was collected in taxes and how much was refunded. Learn more about this headline and others at CPAMagazine.com.

IRS Audits Lowest in a Decade

The IRS recently reported a 16% drop in audits, a 40% drop in levies, and a 9% drop in liens for 2016 compared to 2015.This information was released as part of the IRS’s 2016 Data Book, which reports on the agency’s activities for the twelve months ending on Sept. 30, 2016.
The IRS audited over 1 million 1040 returns in 2016, almost 16% fewer...

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I recently had a conversation with...

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CPA Magazine's CPE Credit!

cpa cpe shield CPE.CPAMagazine.com features self-study courses are informative and easy to complete. Written by leading tax professionals such as Sidney Kess and Martin M. Shenkman, the courses cover tax topics most relavent to today's CPAs. Topics covered are audits, working children, sucession planning, windfalls, small business accounting and much more....

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