2011年3月9日星期三

10 Mar 11 IRS Increasing Enforcement Activity

IRS Increasing Enforcement ActivityBy: Sawyer Adams .... Click author's name to view profile and articles!!!Retargeting by ChangoTweet Expect the Internal Revenue Service to increase its tax collection activity. This follows IRS action in the past couple of years of issuing more levies and scrutinizing particular types of tax returns. The of an Enrolled Agent (EA) are being more valuable to a greater number of taxpayers.More Money and AuditsFor fiscal year 2010, Congress has allocated $12.2 billion to the IRS. Much of that is intended for enforcement efforts. The IRS enforcement budget for this year is $5.5 billion. The prior fiscal year was among the most productive in IRS history regarding collection efforts.There were approximately 1,425,000 audit examinations of individual tax returns in fiscal year 2009. The total number of audits for individuals increased only slightly in 2009 pared to 2008. However, audits of taxpayers with ine of $1,000,000 or more increased significantly last year. The chance of an individual return being audited for taxpayers with more than $1,000,000 of ine was 6.42 percent. Audits of individual tax returns for those with ine of $200,000 or more have increased substantially in recent years. The percentage of taxpayers audited who had ine of $200,000 or more in 2009 increased to 2.89 percent pared to 2.57 percent in 2006. Essential to this demographic are necessary from more individuals entering theenrolled agent program.Audits of tax returns for S corporations increased about 40 percent in 2009 pared to 2005. While the number of audits has increased significantly, the percent audited has not increased nearly as much. The percentage of S corporation returns that were audited last year was 0.4 percent. For partnerships the audit rate was 0.38 percent.Enrolled agent continuing education (CPE) will focus more on business tax returns.More Levies and LiensThe IRS also filed more than 3 million bank levies and nearly 1 million tax liens in the fiscal year that ended September 30, 2009. In fiscal year 2008, the IRS issued 2,631,038 levies on bank accounts, wages and accounts receivable. That was an increase of 1,197 percent over 2000.Timely response to an IRS notice is critical. Failure to respond results in assumption of notice accuracy by the IRS. The next IRS action is a notice to levy bank accounts. Knowledge obtained in thecontinuing education of enrolled agents is called upon for accurate response to the multitude of IRS notices.Taxpayers need professional help for many IRS notices. This is a consequence of so many notices pertaining to business ine and expenses that involve checking detailed records. It doesn't make sense to hire an expensive tax attorney for smaller issues. However, whether a matter is big involves some subjectivity. Professional help bees increasingly important as the IRS appeal system bee more plex and difficult.EA CPE is addressing how the resolution process is constantly changing. So a tax resolution specialist brings considerable value.More PeopleEven before this year's extra $12.2 billion from Congress, IRS staffing of enforcement personnel was on the rise.The number of revenue officers, revenue agents, and special agents in fiscal year 2009 was 21,059. That was a 4.2 percent increase over fiscal year 2005. Taxpayer representation will require more individuals to obtain [EA certification].In addition, IRS missioner Doug Shulman has announced the creation of a specialized unit to focus on wealthy Americans with plex business organizations whose legal mechanisms may "mask aggressive tax strategies."Article Source: abcarticledirectoryFast Forward Academy is a leading publisher of enrolled agent cpe and continuing education for tax professionals. Access to free ea cpe is available on their website.Note: The content of this article solely conveys the opinion of its author, Sawyer AdamsRetargeting by ChangoDid You Like This Article? Share It With YourFriends!Please Rate this Article 5 out of 54 out of 53 out of 52 out of 51 out of 5 Not yet Rated Click the XML Icon to Receive Free Articles About Auditing via RSS!Additional Articles From - Home Accounting AuditingWhat you need to know about Auditing from the experts.- By : john newportCulture and business proposition- By : foxhatsNavigating Miscellaneous Itemized Deductions- By : Sawyer AdamsAbout The National Association Of Enrolled Agents (NAEA)- By : Sawyer AdamsThe History Of Enrolled Agents- By : Sawyer AdamsThe Canon Sd780is Black Silver Gold Red - Very Nice Christmas Gift- By : ArticleSubmit AutoDestination Military Surplus Products- By : Ali Khan5 Tips For Getting The Right Health Insurance For Your Needs- By : danica12 Quick Tips For Eye Shadow- By : Ali Khan10 Simple Steps To A Clearer Skin- By : Ali Khan Still Searching? Last Chance to find what you're looking for. Try using Bing Search!

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