IRS Touts Higher Audit Levels

Newsletter

As reported in a statement issued by IRS, it has continued to make strong progress in a number of key enforcement areas. IRS enforcement efforts increased in fiscal year 2007; overall, enforcement revenue reached $59.2 billion, up from $48.7 billion in 2006.  (Note: Because the enforcement activities take place in years after the filing years, the results are always 2 or 3 years behind.)

Individual enforcement - Overall, the total individual return audits were up 7% in 2007. The table below is a summary of IRS audit activity for fiscal year 2007:

(1)One out of 11 individuals with incomes of $1 million or more faced an audit in 2007.

Business enforcement – Overall, the total business return audits were up 14% in 2007. The table below is a summary of IRS audit activity for fiscal year 2007:

(2)Assets between $10 million and $50 million dollars

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