By: Amanda Wilson
The IRS announced yesterday that it examined 6 percent fewer tax returns in 2014 than 2013. In addition, the total number of tax exams for business returns has dropped to the lowest level in eight years. For large corporations, the number of examinations declined by 20 percent in 2014. This decrease is attributable to the ever shrinking IRS budget, and the corresponding decrease in the number of IRS employees.
