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Irs audits businesses less due to shelters { April 12 2004 } Original Source Link: (May no longer be active)    http://www.nbc4columbus.com/money/2995605/detail.html http://www.nbc4columbus.com/money/2995605/detail.html nbc4columbus.com Report Finds Audits For Businesses Declining IRS Blames Trend On Growth In Tax Shelters POSTED: 10:05 a.m. EDT April 12, 2004 A review of IRS data shows business audits are down but official reviews of individual returns are up. The review by Syracuse University's Transactional Records Access Clearinghouse, released Sunday, found the audit rate for businesses of all sizes dropped last year to 2.1 audits for every 1,000 businesses, down from 2.2 audits the previous year. At the same time, the IRS audited 14 percent more individual tax returns. The audit rate for individuals increased last year to 6.5 audits for every 1,000 taxpayers. Official audit rates released by the IRS last month show a similar trend. Researchers say the declining audits of businesses exposes a flaw in the administration's tough stance against corporate wrongdoing. Critics are also pouncing on the findings, with the lobbying group Common Cause saying the study suggests that corporations are not paying their fair share. But the IRS says the decline can be attributed partly to the explosive growth in tax shelters, which make audits more intricate and time-consuming. To combat that, the IRS wants to hire more agents.

Banks found way shelter millions Banks moved billions to shelter income tax Bush offshore { August 1 2002 } Business jump on suv loophole { November 7 2003 } California firms pay no taxes get giveaways { December 26 2004 } Congress tax havens { July 30 2002 } Corporate tax shelters and you Disneyworld cattle tax breaks Firms often avoided taxes { April 7 2004 } Ford cuts jobs and gets jobs creation deductions { January 24 2006 } Irs allows big oil tax breaks Irs audits businesses less due to shelters { April 12 2004 } Irs focus highincome IRS loses another ruling on tax shelters { November 4 2004 } Irs targets 3shelters { October 5 2002 } Most companies dont pay taxes Multinationalss push congress for hefty tax breaks Phony import export { November 1 2002 } Tax cheats winning { November 5 2002 } Tax code encourages sending jobs overseas Tax havens { August 1 2002 } Taxbreaks given to developers who bulldoze farms Taxcuts replace export tax to please wto Us firms keep billions overseas { April 2 2004 } Files Listed: 24

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