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By USDR
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Because of “sequestration and furloughs” the number of individuals audited by the Internal Revenue Service fell by 80,000in fiscal 2013 and the number of businesses audited fell by 9,000, according to the IRS’s Budget in Brief released this week.
“As a result of the impacts of sequestration and furloughs, the IRS delivered key enforcement programs below 2012 levels,” said the budget document. “Total individual audits fell 5 percent from 1.48 million to 1.40 million, while audits of high income individuals declined from 179,000 to 172,000. Business return audits dropped 13 percent from 70,000 to 61,000”
Because of the decline, says the IRS, the federal government pulled in only $9.83 billion in revenue from audits in fiscal 2013, the lowest in ten years.
However, the IRS’s overall revenue from enforcement actions increased by $3.1 billion, climbing from $50.2 billion in fiscal 2012 to $53.3 billion in fiscal 2013.
– See more at: http://www.cnsnews.com/news/article/terence-p-jeffrey/irs-89k-fewer-audits-2013-because-sequ
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