IRS plans to trim corporate audits this fiscal year

04/10/2013 | Accounting Today

The Internal Revenue Service intends to reduce audits of large companies by 18% this fiscal year and projects a 14% decline in time that specialized revenue agents will have to conduct such audits compared with two years ago, according to Syracuse University's Transactional Records Access Clearinghouse. Its report is based on documents obtained under the Freedom of Information Act.

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