BOSTON (CBS) – Now this is a great headline – you are not going to be audited.
There are of course exceptions, but the bottom line is the taxman is broke, not enough money around to enforce the rules like he used to. And unless you’re doing something egregious, you’re not likely to hear from him.
You can thank Congress which is giving the IRS less money. The agency’s budget has fallen from more than $12 billion to a little more than $11 billion the past four years.
And sure enough, fewer people have been getting that dreaded letter. Only 0.9-percent of people making less than $200,000 were audited last year. That’s the lowest since the IRS began publishing these statistics.
That’s the good news.
But there is also a downside to this.
Some people are not getting help when they need it. It’s an equal opportunity problem – fewer…
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