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IRS audits jump by 11 percent; wealthiest targeted
Associated Press ^ | 12/15/10 | Staff

Posted on 12/15/2010 3:46:35 PM PST by Nachum

WASHINGTON (AP) -- The Internal Revenue Service is making it a bit riskier to cheat on your taxes. The tax agency increased the number of returns it audited by nearly 11 percent this year, statistics released Wednesday show. Wealthy taxpayers and big businesses were most likely to be targeted. The IRS also stepped up audits of charities and other tax-exempt organizations.

(Excerpt) Read more at hosted.ap.org ...


TOPICS: Business/Economy; News/Current Events
KEYWORDS: audits; doublestandard; irs; jump; shakedown; wealthiest; witchhunt
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Audits of charities....

Did they go after your church or synagogue?

1 posted on 12/15/2010 3:46:43 PM PST by Nachum
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To: Jet Jaguar; NorwegianViking; ExTexasRedhead; HollyB; FromLori; EricTheRed_VocalMinority; ...

The list, ping

Let me know if you would like to be on or off the ping list

http://www.nachumlist.com/


2 posted on 12/15/2010 3:48:06 PM PST by Nachum (The complete Obama list at www.nachumlist.com)
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To: Nachum

Or just conservatives in general.

Certainly they missed Rangel.


3 posted on 12/15/2010 3:48:22 PM PST by Beowulf9
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To: Nachum

Newbies with less knowledge than you. Going to be fun for all I’m sure.


4 posted on 12/15/2010 3:48:33 PM PST by allmost
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To: Nachum

“...Audits of charities....
Did they go after your church or synagogue?...”

Yep. Fortunately, I had letters, receipts and proper docs to substantiate their request.


5 posted on 12/15/2010 3:49:52 PM PST by lgjhn23
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To: Nachum
Funny how this always seems to happen under MARXISTS regimes.

Effing no good bastards!

6 posted on 12/15/2010 3:50:22 PM PST by unixfox (Abolish Slavery, Repeal The 16th Amendment!)
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To: Nachum
This will reduce their audits of returns claiming EITC from 30% to 28% of total IRS operating costs.

EITC is worth about $58 billion ~ TOTAL VALUE.

BTW, IRS hides some of the audit costs by claiming they are actually part of the normal operations involved in determining the eligibility of graduate students for student loans ~ but all their questions concern EITC.

7 posted on 12/15/2010 3:51:03 PM PST by muawiyah
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To: Nachum

Wealthiest targeted.

Doh, they are going to audit the poor???


8 posted on 12/15/2010 3:51:26 PM PST by tet68 ( " We would not die in that man's company, that fears his fellowship to die with us...." Henry V.)
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To: Nachum

My small business got a visit this year for the first time in 12 years ... then my family, first time ever ... they were disappointed they couldn’t find anything, I’m sure. And we are by no means “the wealthy” ... so I guess they are going to hire more and come after more. Pretty soon, they will have so many laws that even the Accountants won’t be able to keep up, then they can triple down on us with taxes, fines and fees.


9 posted on 12/15/2010 3:52:03 PM PST by jessduntno (Want US national secrets safe? Store them with Obama's transcripts and birth certificate.)
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To: Nachum

Weird how they can’t catch John Kerry...


10 posted on 12/15/2010 3:52:50 PM PST by Freddd (CNN is down to Three Hundred Thousand viewers. But they worked for it.)
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To: Nachum

I wish they’d audit more “charities”—so many of them are phony ways for the rich to make our lives miserable and take a deduction for doing so.


11 posted on 12/15/2010 3:52:54 PM PST by Mamzelle
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To: Nachum
Did they go after your church or synagogue?

Or mosque? Or patriotic charity?

Aside from a brief threat from Nixon, I believe it was Clinton who is most responsible for initiating the politicizing of the IRS' focus of attention.

12 posted on 12/15/2010 3:53:54 PM PST by Pearls Before Swine (/s, in case you need to ask)
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To: Nachum
My college-age brother making $15 an hour during the summer got audited.

Seems a massive waste of resources to go after college kids.

13 posted on 12/15/2010 3:54:14 PM PST by Celtic Cross (I AM the Impeccable Hat. (AKA The Pope's Hat))
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To: Nachum
IRS audits jump by 11 percent; wealthiest targeted

"Wealthiest" meaning those who actually pay taxes?

14 posted on 12/15/2010 3:56:15 PM PST by The_Media_never_lie
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To: tet68

“Doh, they are going to audit the poor???”

Do you understand the level of fraud in refundable tax credits? There are 11 refundable tax credits and other non refundable tax credits. There has been lots of fraud in the refundable tax credits for the lower income including the EITC, Make Work Pay, ... The IRS has backed off easy audit targets because the Democrats complained. Now the IRS has declared war on small businesses.


15 posted on 12/15/2010 3:56:43 PM PST by businessprofessor
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To: Nachum

Bet a dime Rush, Hannity, Beck and Bill O get audited yearly7.


16 posted on 12/15/2010 3:56:49 PM PST by GailA (NO JESUS, NO CHRISTmas!)
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To: Nachum
Start with this crook! --
17 posted on 12/15/2010 3:56:54 PM PST by BenLurkin (This post is not a statement of fact. It is merely a personal opinion -- or humor -- or both)
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To: Nachum

[Willie] Sutton’s Law


18 posted on 12/15/2010 3:59:45 PM PST by NonValueAdded (Palin 2012: don't retreat, just reload)
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To: Nachum
Meanwhile and, to my mind, very interesting...

Regulator Is Slowed By Budget Impasse

The article's referring to the SEC.

19 posted on 12/15/2010 3:59:59 PM PST by mewzilla (Hey, Schumer, how's that Lockerbie bomber deal investigation coming along?)
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To: Nachum
WASHINGTON (AP) -- The Internal Revenue Service is making it a bit riskier to cheat on your taxes.

PUNISH Timothy Geithner. NOW.

Kick the bum out. NO pension. NO benefits.

20 posted on 12/15/2010 4:02:01 PM PST by a fool in paradise (The establishment clause isn't just against my OWN government establishing state religion in America)
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