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In 1998, the IRS Reform and Restructuring Act passed which ordered the IRS to give more stress on the rights of tax payers. After that about one out of every 79 tax returns was actually audited. The decline was still continued and by 2003, only one out of every 150 individual taxpayers was audited.
The big reason behind its occurrence is those tax payers who skew their numbers and later become strong and fearless. The mistakes in taxes were increasing and then the IRS decided to go ahead of collection once more Continue reading…
Tags: audits, deductions, IRS reforms, tax payer's
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