IRS budget cuts cost $34.3B in lost revenue from big business

Re:IRS budget cuts cost $34.3B in lost revenue from big busi... by gok on Tuesday August 20, 2019 @05:12PM (#20752201)

Audit based on size of underreporting? That's like saying only buy winning lottery tickets. You don't know how accurate a tax filing is up front; that's why there are audits.

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Re:IRS budget cuts cost $34.3B in lost revenue from big busi... by chris11 on Tuesday August 20, 2019 @05:54PM (#20752614)

That was worded a little badly. The size of the company, and the size of the tax return should impact the chance of an audit. Intentionally lying on your tax return and saving 5% is a lot different with 100 million than with 10,000. The IRS should also prioritize audits that look fraudulent.

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