Special Analysis: Ready Or Not, The Payroll NRP Is Here

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The IRS's National Research Program (NRP) isn't as benign as it sounds. NRPs are intensive, line-by-line audits, which are intended to give the IRS baseline compliance data for future enforcement efforts. The Payroll NRP, which will be conducted by the IRS's Small Business/Self-Employed Division, was scheduled to start last November, but actually will begin this month. The NRP will randomly target 2,000 Forms 941 a year for three years, and will sweep across all business organizations, large and small, for profit and not-for-profit. Are you confident your Forms 941 will pass NRP muster?

 

Areas of concentration. Audits will likely encompass examinations of tax year 2007 and 2008 Forms 941 and 1099. Auditors will be looking at worker classification, fringe benefits, expense reimbursement plans, officer compensation, and non-filers. However, auditors aren't bound by these five items, and can go wherever your data ...(register to read more)

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