This Month's Newsletter

December 2017

IRS Audit Rate Decreases in 2018

Continuing a downward trend from the prior year, the IRS audited 7% fewer tax returns in 2018 than they audited in 2017. Of the 150 million personal tax returns filed for the 2017 tax year, only 892,000 were audited - a meager 0.59% of all personal tax returns being...

IRS Releases New Tax Gap Estimates

From IRS News IR-2019-159, September 26, 2019 WASHINGTON - The Internal Revenue Service today released a new set of tax gap estimates on tax years 2011, 2012 and 2013. The results show the nation's tax compliance rate is substantially unchanged from prior years. The...