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The Online Advisor

September 2007

What's New in Taxes

IRS launches audit program


Beginning next month, the IRS plans to audit about 13,000 individuals for tax year 2006 as part of a research project to update the Service's audit selection process. Audits will focus on those parts of the individual's tax return that cannot be verified through third-party information reports sent to the IRS.

If the program is extended for several years, as the IRS hopes, it will also provide information about the tax gap (the difference between taxes owed and taxes actually collected).



For details or for assistance with your tax planning, give our office a call.

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