The IRS’s ongoing effort to close the tax gap are paying off it would appear. By stepping up their audit and compliance activities, the IRS has seen an increase in their revenues. Examinations of personal tax returns have increased from every 1 in 202 returns to every 1 in 97 tax returns. Returns for small businesses rose around 4percent. Good information to know and keep in mind as the next tax season is around the corner.
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