Enforcement revenue.

AuthorLaffie, Lesli S.
PositionFROM THE IRS

The IRS collected a record $48.7 billion in enforcement revenue in fiscal-year (FY) 2006, but, according to Commissioner Mark Everson, the increase did not come at the expense of compromising taxpayer services.

The Service will continue to improve collection efforts and plans to pay particular attention to high-income individuals, unincorporated businesses, exempt organizations and transactions with an international element.

Statistics: The individual audit rate rose to 0.98% during FY 2006, compared with 0.93% in FY 2005. Audit rates for high-income individuals increased during FY 2006. A total of 1.67% of individuals claiming income of $100,000 or more were audited during the fiscal year, while nearly 1 in 16 individuals claiming $1 million or more in income were audited. Persons claiming incomes of less than $100,000 were audited 0.89% of the time.

Audits of companies with assets of less than $10 million...

To continue reading

Request your trial

VLEX uses login cookies to provide you with a better browsing experience. If you click on 'Accept' or continue browsing this site we consider that you accept our cookie policy. ACCEPT