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IRS to expand audits

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in Small Business Tax

A Treasury Inspector General of Tax Administration (TIGTA) report suggests the IRS can do a better job by expanding audits to cover multiple years. (TIGTA Ref. No. 2013-30-077, 8/27/13)

Correspondence audits, which encompass 75% of all individual examinations, are usually focused on a narrow issue in one year. TIGTA says the IRS doesn’t always peruse the prior and subsequent years of the taxpayer when an audit results in greater tax liability.

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