IRS data: 15% of large financial services companies were audited in 2008

Just in from the Transactional Records Access Clearinghouse:

“Newly released data from the IRS show that only 15% of large financial services companies — those with $250 million or more in assets — were audited in 2008, compared with 64% of all other similar sized corporations. And when they were performed, these financial service audits appear to have been less thorough than those in other industries. In addition, fewer of these audits were being performed by the IRS agency group with special expertise in large financial service corporations, while the number performed by other IRS groups more than doubled since 2004.”

“These latest findings on the IRS, based on documents and data obtained by TRAC under the Freedom of Information Act, are available at
http://trac.syr.edu/tracirs/latest/207/

This entry was posted in Government information and tagged , , by Erika Wayne. Bookmark the permalink.

About Erika Wayne

Erika V. Wayne is deputy library director and lecturer in law at Stanford Law School. Along with George Wilson, Kate Wilko and Paul Lomio, Erika Wayne has co-taught Advanced Legal Research for 3 years. Erika's interest in Open Access dates back to the 1996 when she helped in the development of the Securities Class Action Clearinghouse -- the first court designated internet site for public posting of securities litigation filings. And, she hates to pay for *anything* that should be free. She has a law degree from Penn and a library degree from Illinois.

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