Less Risk of Being Audited?
The IRS funding was cut again for 2015. The budget of the IRS now stands at about the level it did in 2008! The tax payer service's budget actually increased a puny 1.6% but that won't be enough to decrease the insane wait times we now all experience to get through or to reinstate any of the help-the-tax-payer call centers designed to help regular folk not make mistakes filling out their tax returns. Oops, I guess that might mean a few more people will need to enlist the help of a tax accountant professional this year….just saying:) Funding for enforcement was once again slashed….this time by about 5%. What does that mean for you? Lower risk of being audited. In fact, the exam rate fell below 1% in 2013 and with this year's budget cuts should fall even more this year. So happy e-filing.