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Catching the Auditor’s Eye

Please note: This item is from our archives and was published in 2007. It is provided for historical reference. The content may be out of date and links may no longer function.

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NUMEROLOGY

Not all business types fared equally in last year’s IRS enforcement efforts.

For the 2006 fiscal year, S corporation and partnership audits rose 34% and 15% from 2005, respectively, while audits of small businesses remained constant and efforts against large corporations—those with more than $10 million in assets—actually fell more than 2%.

Source: IRS, www.irs.gov .