The announcement that the Internal Revenue Service plans to audit 5,000 S corporations has drawn fire from the National Federation of Independent Business, a small-business advocacy group with over 600,000 members. 

"The notion that the IRS is embarking on the hunt of small business merely as a way to learn more about how small businesses are adhering to tax compliance requirements, is like heading off to the zoo in search of a safari," said executive vice president of the NFIB Dan Danner, in a statement.

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