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Less Risk of Being Audited?

Date: January 6, 2020

Author: Trish Wright

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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.

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