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A comment on IRS budget cuts cost $34.3B in lost revenue from big business. Parent comment

Re:IRS budget cuts cost $34.3B in lost revenue from big busi... by jfengel on Tuesday August 20, 2019 @04:27PM (#20751713)
Is that the kind of thing that would show up in an audit? That is, if you're hiding millions of dollars, you're not just fudging the numbers. You've got a web of places to stash money that aren't directly connected to you. It would take a deep investigation of your finances, not just an audit.
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Re:IRS budget cuts cost $34.3B in lost revenue from big busi... by Rapzid on Tuesday August 20, 2019 @06:17PM (#20752769)
I would be astonished if the IRS didn't use some sort of statistical analysis(AI) to trigger audits.
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Re:IRS budget cuts cost $34.3B in lost revenue from big busi... by londons_explore on Wednesday August 21, 2019 @06:08AM (#20755896)
I hope they have third party data sources (banks, employers, stockbrokers, house/boat purchasers, etc.). By cross referencing the third party data with the contents of your return (automatically), they should be able to make a shortlist of people likely to be failing to declare something.
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