Internal Revenue Service enforcement activities brought in a record $43.1 billion in fiscal 2004, up 15 percent, or $5.5 billion, over 2003, the agency reported.

After years of decline, the IRS audited 9,560 -- or one in six -- of the largest corporations (those with assets of $10 million or more) in fiscal 2004, an increase of more than 2,000 over the previous year.

Register or login for access to this item and much more

All Accounting Today content is archived after seven days.

Community members receive:
  • All recent and archived articles
  • Conference offers and updates
  • A full menu of enewsletter options
  • Web seminars, white papers, ebooks

Don't have an account? Register for Free Unlimited Access