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IRS Audits Few Large Corporations Or Wealthiest Individuals

Submitted by liwi on Tue, 04/15/2008 - 07:54.

A newly released report by The Transactional Records Access Clearinghouse, (TRAC) at Syracuse University shows that the IRS audit rate for the nation’s largest corporations ($250 million or more in assets) has dropped to its lowest point since the Reagan administration. In fact, IRS has shifted auditors from the larger to smaller corporations.

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