« Logue on The Problem of Tax Law Uncertainty and the Role of Tax Insurance | Main | WSJ: Home Sellers Face Unexpected Tax Hit »
March 29, 2006
IRS Refutes Syracuse Study of Audit Rate of Millionaires
Interesting article on Bloomberg: IRS Quickly Answers Study on Audits of Rich Americans:
In a rare disclosure, the IRS said yesterday that it had audited 11,715 — or 5.2% — of the 225,000 Americans who reported incomes of more than $1 million in 2005. The IRS released the data to counter a report by researchers at Syracuse University [blogged here] that the agency had conducted face-to-face audits of only 30 households reporting incomes of more than $1 million. The discrepancy is a result of a change in the way the IRS keeps records, officials said.
March 29, 2006 in IRS News, Think Tank Reports | Permalink
TrackBack
TrackBack URL for this entry:
http://www.typepad.com/services/trackback/6a00d8341c4eab53ef00d8345b234869e2
Listed below are links to weblogs that reference IRS Refutes Syracuse Study of Audit Rate of Millionaires:
» EMILY LITELLA: ONLY 30 MILLIONAIRES GOT AUDITED! from Roth & Company, P.C.
A classic never mind moment in the tax world yesterday: Only 30 out of nearly 200,000 taxpayers who reported income... [Read More]
Tracked on Mar 29, 2006 6:44:42 PM
