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IRS requests audit road map from corporations

By Ed O'Keefe

By The Post's David S. Hilzenrath:

The Internal Revenue Service is asking something new of corporations: Make it easier for us to audit you.

The agency plans to require corporations to submit new forms with their tax returns showing where their judgments about how much tax they owe or how much income they can shelter are most questionable.

The disclosures would provide a road map for the IRS as it scrutinizes companies' returns.

Such reviews can take years, and the sheer volume and complexity of the financial data can make it difficult for the IRS to zero in on a company's most dubious positions.

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By Ed O'Keefe  | January 26, 2010; 1:07 PM ET
Categories:  Agencies and Departments  
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