{"id":231,"date":"2006-06-14T14:50:36","date_gmt":"2006-06-14T19:50:36","guid":{"rendered":"http:\/\/www.sequence-inc.com\/fraudfiles\/?p=231"},"modified":"2006-06-17T14:30:01","modified_gmt":"2006-06-17T19:30:01","slug":"is-the-irs-picking-on-small-businesses","status":"publish","type":"post","link":"https:\/\/www.sequenceinc.com\/fraudfiles\/is-the-irs-picking-on-small-businesses\/","title":{"rendered":"Is the IRS picking on small businesses?"},"content":{"rendered":"<p>From CFO Magazine:<\/p>\n<p>In April, the chairman of the House [tag]Small Business[\/tag] Committee accuse the [tag]IRS[\/tag] of unfairly going after small businesses with [tag]audits[\/tag] and complex rules.  In 2005, the number of IRS audits of small companies increased in all categories.<\/p>\n<p>However, IRS commissioner Mark Everson disputed the claim.  He says large companies are far more likely to get audited than small companies.  In 2005, the IRS audited 44% of the largest companies.<\/p>\n<p>What is fueling the audits of small businesses?  A study in 2001 estimated a [tag]tax gap[\/tag] of $300 million between what taxpayers should be paying and the actual tax they pay.  It is possilbe that the IRS is targeting smaller companies based upon these numbers.  I also suggest that the IRS might target these small business owners because of their lack of sophistication and therefore the ease of creating uncontested audit findings.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>From CFO Magazine: In April, the chairman of the House [tag]Small Business[\/tag] Committee accuse the [tag]IRS[\/tag] of unfairly going after small businesses with [tag]audits[\/tag] and complex rules. In 2005, the number of IRS audits of small companies increased in all [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[16],"tags":[],"class_list":["post-231","post","type-post","status-publish","format-standard","hentry","category-auditing-regulations"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p6Z0e-3J","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.sequenceinc.com\/fraudfiles\/wp-json\/wp\/v2\/posts\/231","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.sequenceinc.com\/fraudfiles\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.sequenceinc.com\/fraudfiles\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.sequenceinc.com\/fraudfiles\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.sequenceinc.com\/fraudfiles\/wp-json\/wp\/v2\/comments?post=231"}],"version-history":[{"count":0,"href":"https:\/\/www.sequenceinc.com\/fraudfiles\/wp-json\/wp\/v2\/posts\/231\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.sequenceinc.com\/fraudfiles\/wp-json\/wp\/v2\/media?parent=231"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.sequenceinc.com\/fraudfiles\/wp-json\/wp\/v2\/categories?post=231"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.sequenceinc.com\/fraudfiles\/wp-json\/wp\/v2\/tags?post=231"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}