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.

Source: Beyond415

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.

Source: Beyond415



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