audits Archives

IRS Audits Of Charities Up 79% Under Obama

Under President Obama, IRS audits for tax-exempt organizations have jumped 79% over what they were under President George W. Bush. According to Internal Revenue Service data, the IRS audited an average of 6,205 returns of tax-exempt organizations per year from 2001 to 2008. From 2009 to 2011, however, the number of audited returns spiked to…

REAL CLEAR POLITICS: IRS Audits of Small Businesses Way Up

Oct 25, 2012Peter SchweizerNews From GAI. News About GAIaudits, businesses, GAI, Government Accountability Institute, IRS, Real Clear Politics

According to IRS statistics, from 2009 to 2011, the coverage rate (number of audits as a percentage of total returns filed) for corporations with assets between $10 million and $50 million has increased 32 percent. The coverage rate for corporations with assets between $50 million and $100 million has increased at the same rate. Some…