IRS Revenue Growth Rate Accelerating

Tax Season is not over for everybody; these statistics might give some people pause:

The percentage of tax returns examined by the IRS rose nearly 9 percent in fiscal year 2007 compared to fiscal year 2006, while revenue from IRS enforcement activities increased 22 percent to $59.2 billion in the same period, according to a report by the Treasury Inspector General for Tax Administration. The use of liens and levies by the IRS reached a 10-year high last year. Dollars collected on balance-due accounts rose nearly 3 percent last year. WebCPA

The odds of an audit have gone from 1 in 202 to 1 in 97, apparently the IRS is de-emphasizing corporations and going after individuals. Revenue from enforcement activities is growing at a clip that only potash miners can match.

Of course, David Letterman knows how to deal with the IRS, as his Top 10 List of How to Annoy An IRS Agent shows:

IRS Enforcement Paid Off Last Year
WebCPA

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