Tax Stats: June 2012
Our monthly collection of statistics from the world of tax
Our second tax stat for June shows why so much effort at the IRS is going into automated systems -- they bring in more money.
Systems, it seems, are more efficient than people: IRS field audits yield by far the lowest ROI. So it's a good thing the service did only 525,000 of them (for 1040s only), compared to 1.2 million mail audits, and 4.7 million CP 2000 notices.
Automated matching systems at the IRS send out millions of notices of underpayment to taxpayers, and add $6.5 billion annually to the U.S. Treasury -- but they're not as scary as they seem: Fully a third of notices result in no additional tax.
Steps to take before the New Year for a better tax return in 2017
Your peers' plans for the next year in accounting
An inside look at some of the best midsized and large workplaces in accounting
An inside look at some of the best small workplaces in accounting
Grant Thornton has released a collection of Year-End Tax Guides for 2016. Here are 10 of the most important 2016 tax-planning considerations for individuals.
BKR International shares the quickest ways to shrink your business.
The fifth edition of our annual report highlights eight outstanding accounting firm leaders.
Illinois CPA Society holds its 7th annual CPA Day of Service
EFilecabinet CEO Benoy Tamang shares the bad practices that are endangering your firm’s and your clients’ critical information
H&R Block’s Jim Buttonow shares critical facts about the upcoming IRS program