Enforcement revenues which is the monies the Government gets from IRS collection, examination, and document matching activities increased by 10% to a record $47.3 billion.
Total individual returns audited increased by over 20% to 1,216,000 from 1,008,000 in 2004. The number completed is back to a level last achieved in 1998.
IRS Audits of individuals with incomes over $100,000 surpassed 221,000, the highest figure in 10 years, and well over double the 92,000 completed in fiscal year 2001. The coverage rate in this category is still too low, but at 1.58% is double what it was four years ago.
IRS Audits of small businesses organized as corporations turned up after years of decline. 17,867 were completed in 2005 against 7,294 a year earlier.
IRS Audits of larger corporations those with assets over $10 million also increased, up 14% from a year ago to 10,878. The coverage rate of 20% has rebounded significantly from that of 12% just two years ago.
In IRS collection activities, levies and liens have recovered to pre-RRA 98 levels. Seizures remain a little used tool but have increased from last year.
Criminal prosecutions recommended to the Justice Department did show a modest decline of 6% from a year ago. The decline is attributable to lower numbers of narcotics and money laundering cases. Tax and tax-related cases were flat year over year.
Total individual returns audited increased by over 20% to 1,216,000 from 1,008,000 in 2004. The number completed is back to a level last achieved in 1998.
IRS Audits of individuals with incomes over $100,000 surpassed 221,000, the highest figure in 10 years, and well over double the 92,000 completed in fiscal year 2001. The coverage rate in this category is still too low, but at 1.58% is double what it was four years ago.
IRS Audits of small businesses organized as corporations turned up after years of decline. 17,867 were completed in 2005 against 7,294 a year earlier.
IRS Audits of larger corporations those with assets over $10 million also increased, up 14% from a year ago to 10,878. The coverage rate of 20% has rebounded significantly from that of 12% just two years ago.
In IRS collection activities, levies and liens have recovered to pre-RRA 98 levels. Seizures remain a little used tool but have increased from last year.
Criminal prosecutions recommended to the Justice Department did show a modest decline of 6% from a year ago. The decline is attributable to lower numbers of narcotics and money laundering cases. Tax and tax-related cases were flat year over year.
