Network News

X My Profile
View More Activity

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.

Continue reading this story >>>

By Ed O'Keefe  | January 26, 2010; 1:07 PM ET
Categories:  Agencies and Departments  
Save & Share:  Send E-mail   Facebook   Twitter   Digg   Yahoo Buzz   Del.icio.us   StumbleUpon   Technorati   Google Buzz   Previous: Obama to answer questions on YouTube
Next: Clinton to be second Cabinet member skipping SOTU

No comments have been posted to this entry.

The comments to this entry are closed.

 
 
RSS Feed
Subscribe to The Post

© 2010 The Washington Post Company